Hofer & Associates. Inc Raises Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Hofer & Associates. Inc grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 31.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,611 shares of the company’s stock after purchasing an additional 1,095 shares during the quarter. Hofer & Associates. Inc’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $273,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. MBE Wealth Management LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers by 4.2% in the 4th quarter. MBE Wealth Management LLC now owns 4,057 shares of the company’s stock worth $240,000 after acquiring an additional 163 shares during the last quarter. Trueblood Wealth Management LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers by 1.4% in the 4th quarter. Trueblood Wealth Management LLC now owns 12,233 shares of the company’s stock worth $723,000 after acquiring an additional 167 shares during the last quarter. Financial Services Advisory Inc raised its stake in First Trust NASDAQ Rising Dividend Achievers by 1.2% in the 3rd quarter. Financial Services Advisory Inc now owns 14,883 shares of the company’s stock worth $881,000 after acquiring an additional 170 shares during the last quarter. Crewe Advisors LLC grew its position in First Trust NASDAQ Rising Dividend Achievers by 12.5% during the 3rd quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock worth $97,000 after purchasing an additional 182 shares during the period. Finally, L & S Advisors Inc grew its position in First Trust NASDAQ Rising Dividend Achievers by 1.0% during the 3rd quarter. L & S Advisors Inc now owns 19,350 shares of the company’s stock worth $1,146,000 after purchasing an additional 197 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY opened at $62.54 on Friday. The business’s 50-day moving average is $61.50 and its two-hundred day moving average is $59.57. The company has a market capitalization of $13.60 billion, a P/E ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $50.24 and a fifty-two 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. Shareholders of record on Friday, December 13th were given a dividend of $0.2956 per share. The ex-dividend date 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.