Flynn Zito Capital Management LLC Grows Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Flynn Zito Capital Management LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 3.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,485 shares of the company’s stock after buying an additional 572 shares during the period. First Trust NASDAQ Rising Dividend Achievers comprises about 0.5% of Flynn Zito Capital Management LLC’s investment portfolio, making the stock its 29th largest position. Flynn Zito Capital Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,067,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Kingswood Wealth Advisors LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 3.5% in the second quarter. Kingswood Wealth Advisors LLC now owns 5,573 shares of the company’s stock valued at $305,000 after purchasing an additional 186 shares during the period. IAG Wealth Partners LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% in the first quarter. IAG Wealth Partners LLC now owns 1,800 shares of the company’s stock valued at $101,000 after purchasing an additional 200 shares in the last quarter. Curtis Advisory Group LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 1.0% during the 1st quarter. Curtis Advisory Group LLC now owns 19,583 shares of the company’s stock worth $1,100,000 after acquiring an additional 200 shares during the period. Kaydan Wealth Management Inc. boosted its holdings 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 purchasing an additional 206 shares during the period. Finally, SteelPeak Wealth LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 0.6% during the 1st quarter. SteelPeak Wealth LLC now owns 38,192 shares of the company’s stock valued at $2,145,000 after buying an additional 223 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of NASDAQ RDVY opened at $56.04 on Friday. The stock has a market cap of $11.15 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $43.30 and a 52 week high of $59.07. The business has a 50 day simple moving average of $56.52 and a 200 day simple moving average of $55.19.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were paid a $0.2616 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.05 dividend on an annualized basis and a yield of 1.87%.

First Trust NASDAQ Rising Dividend Achievers Company 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.