First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Shares Purchased by Next Level Private LLC

Next Level Private LLC increased its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 237.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 234,422 shares of the company’s stock after purchasing an additional 164,993 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers makes up 5.9% of Next Level Private LLC’s holdings, making the stock its largest position. Next Level Private LLC owned about 0.12% of First Trust NASDAQ Rising Dividend Achievers worth $12,835,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets increased its position in First Trust NASDAQ Rising Dividend Achievers by 24,700.0% during the 1st quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock worth $28,000 after buying an additional 494 shares during the period. Kings Path Partners LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter valued at about $31,000. Russell Investments Group Ltd. acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 1st quarter worth approximately $34,000. Rothschild Investment LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the second quarter worth $34,000. Finally, Fifth Third Bancorp acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 1st quarter valued at $79,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of RDVY stock traded down $0.87 on Tuesday, hitting $57.88. 199,524 shares of the company’s stock were exchanged, compared to its average volume of 733,736. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $43.30 and a 12 month high of $59.07. The company has a 50 day moving average of $56.28 and a 200 day moving average of $55.04. The stock has a market cap of $11.52 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 disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a dividend of $0.2616 per share. This represents a $1.05 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Thursday, June 27th.

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.