Fairway Financial LLC Invests $7.29 Million in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Fairway Financial LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 123,202 shares of the company’s stock, valued at approximately $7,286,000. First Trust NASDAQ Rising Dividend Achievers makes up about 6.7% of Fairway Financial LLC’s holdings, making the stock its 6th biggest position. Fairway Financial LLC owned about 0.06% of First Trust NASDAQ Rising Dividend Achievers as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of RDVY. International Assets Investment Management LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers by 5,796.9% in the third quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock valued at $402,823,000 after purchasing an additional 6,687,924 shares in the last quarter. LPL Financial LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers by 4.9% in the third quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock valued at $1,203,528,000 after purchasing an additional 953,708 shares in the last quarter. JPMorgan Chase & Co. raised its stake in First Trust NASDAQ Rising Dividend Achievers by 135.8% in the third quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company’s stock valued at $66,838,000 after purchasing an additional 650,194 shares in the last quarter. HighTower Advisors LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers by 47.3% in the third quarter. HighTower Advisors LLC now owns 1,267,282 shares of the company’s stock valued at $75,007,000 after purchasing an additional 406,747 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its stake in First Trust NASDAQ Rising Dividend Achievers by 5,198.7% in the third quarter. Benjamin Edwards Inc. now owns 336,786 shares of the company’s stock valued at $19,947,000 after purchasing an additional 330,430 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.9 %

RDVY stock opened at $62.81 on Friday. The company has a market cap of $13.70 billion, a PE ratio of 10.08 and a beta of 1.15. The business has a 50-day simple moving average of $61.24 and a 200 day simple moving average of $60.12. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $51.52 and a 52 week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.2956 dividend. The ex-dividend date was Friday, December 13th.

About First Trust NASDAQ Rising Dividend Achievers

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.