Cornerstone Wealth Management LLC Grows Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Cornerstone Wealth Management LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 31.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 120,161 shares of the company’s stock after buying an additional 28,960 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $7,106,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Sugarloaf Wealth Management LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $40,000. Eastern Bank purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $57,000. Crewe Advisors LLC raised 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 valued at $97,000 after purchasing an additional 182 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the third quarter valued at $104,000. Finally, Venturi Wealth Management LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the third quarter valued at $105,000.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.3 %

First Trust NASDAQ Rising Dividend Achievers stock opened at $62.88 on Friday. The company has a market cap of $13.60 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The firm’s fifty day moving average is $61.44 and its 200 day moving average is $59.29. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $50.24 and a 52-week 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 given a dividend of $0.2956 per share. The ex-dividend date of this dividend 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.