Armbruster Capital Management Inc. Buys Shares of 4,255 First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Armbruster Capital Management Inc. bought a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,255 shares of the company’s stock, valued at approximately $252,000.

A number of other hedge funds also recently added to or reduced their stakes in RDVY. Sugarloaf Wealth Management LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at about $40,000. Sound Income Strategies LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $40,000. Eastern Bank purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at approximately $57,000. Crewe Advisors LLC increased its position 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 buying an additional 182 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the third quarter worth $104,000.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.6 %

RDVY opened at $62.52 on Monday. The firm has a market cap of $13.55 billion, a P/E ratio of 10.08 and a beta of 1.15. The business’s fifty day simple moving average is $61.46 and its 200 day simple moving average is $59.43. 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. Stockholders of record on Friday, December 13th were given a $0.2956 dividend. 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.