Beacon Financial Group Has $17.61 Million Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Beacon Financial Group cut its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 0.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 297,708 shares of the company’s stock after selling 1,682 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers accounts for 1.9% of Beacon Financial Group’s investment portfolio, making the stock its 11th largest holding. Beacon Financial Group’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $17,606,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at $40,000. Sound Income Strategies LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $40,000. Eastern Bank bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth about $57,000. Blue Trust Inc. lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during the fourth quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock worth $72,000 after purchasing an additional 1,179 shares in the last quarter. Finally, Crewe Advisors LLC lifted its position in shares of 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 purchasing an additional 182 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $62.43 on Wednesday. The firm has a 50 day simple moving average of $61.27 and a 200 day simple moving average of $59.86. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $50.24 and a fifty-two week high of $64.63. The firm has a market cap of $13.62 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

First Trust NASDAQ Rising Dividend Achievers Company 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.