First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Position Lifted by HFG Advisors Inc.

HFG Advisors Inc. lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 3.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 95,073 shares of the company’s stock after acquiring an additional 2,874 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for approximately 4.9% of HFG Advisors Inc.’s portfolio, making the stock its 3rd biggest position. HFG Advisors Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $5,205,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Kingswood Wealth Advisors LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 3.5% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 5,573 shares of the company’s stock worth $305,000 after purchasing an additional 186 shares during the last quarter. IAG Wealth Partners LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% during the first quarter. IAG Wealth Partners LLC now owns 1,800 shares of the company’s stock worth $101,000 after buying an additional 200 shares during the period. Curtis Advisory Group LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 1.0% during the first quarter. Curtis Advisory Group LLC now owns 19,583 shares of the company’s stock worth $1,100,000 after buying an additional 200 shares during the period. Kaydan Wealth Management Inc. increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 1.1% during the first quarter. Kaydan Wealth Management Inc. now owns 18,651 shares of the company’s stock worth $1,048,000 after buying an additional 206 shares during the period. Finally, SteelPeak Wealth LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 0.6% during the first quarter. SteelPeak Wealth LLC now owns 38,192 shares of the company’s stock worth $2,145,000 after buying an additional 223 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of RDVY stock traded up $0.14 during trading hours on Friday, reaching $55.27. 713,145 shares of the stock were exchanged, compared to its average volume of 749,851. The business’s fifty day moving average is $55.52 and its two-hundred day moving average is $54.41. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $43.30 and a 12-month high of $59.07. The firm has a market capitalization of $11.00 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a $0.2616 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.05 annualized dividend and a yield of 1.89%.

First Trust NASDAQ Rising Dividend Achievers Profile

The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund tracks an index of 50 large-cap stocks with rising, high-quality dividends. RDVY was launched on Jan 6, 2014 and is managed by First Trust.