AdvisorNet Financial Inc Raises Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

AdvisorNet Financial Inc lifted its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,143 shares of the company’s stock after purchasing an additional 1,437 shares during the quarter. AdvisorNet Financial Inc’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,664,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of RDVY. Headlands Technologies LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter worth $29,000. Sugarloaf Wealth Management LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $40,000. Eastern Bank purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth about $57,000. Crewe Advisors LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers by 12.5% during the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock worth $97,000 after acquiring an additional 182 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the third quarter worth approximately $104,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ:RDVY opened at $60.56 on Wednesday. The firm has a market capitalization of $13.01 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The business has a 50 day simple moving average of $61.54 and a 200-day simple moving average of $59.01. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $49.60 and a 1 year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.2956 per share. The ex-dividend date of this dividend was Friday, December 13th.

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.