Secure Asset Management LLC Invests $1.42 Million in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Secure Asset Management LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 25,976 shares of the company’s stock, valued at approximately $1,422,000.

Several other large investors also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 24,700.0% during the first quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock valued at $28,000 after acquiring an additional 494 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 1st quarter worth $34,000. MCF Advisors LLC grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 286.5% during the 4th quarter. MCF Advisors LLC now owns 1,090 shares of the company’s stock worth $56,000 after buying an additional 808 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth $60,000. Finally, DiNuzzo Private Wealth Inc. purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $68,000.

First Trust NASDAQ Rising Dividend Achievers Stock Up 1.8 %

NASDAQ:RDVY traded up $1.02 during mid-day trading on Friday, reaching $58.04. The company’s stock had a trading volume of 630,910 shares, compared to its average volume of 740,165. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $43.30 and a 1 year high of $59.07. The stock has a fifty day moving average of $55.96 and a 200-day moving average of $54.75. The firm has a market capitalization of $11.55 billion, a PE ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a $0.2616 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.05 annualized dividend and a dividend yield of 1.80%.

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.