Sovran Advisors LLC Buys New Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Sovran Advisors LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 10,075 shares of the company’s stock, valued at approximately $610,000.

A number of other hedge funds and other institutional investors have also modified their holdings of RDVY. Stonebridge Financial Group LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at $578,000. Focus Financial Network Inc. boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 77.1% in the 4th quarter. Focus Financial Network Inc. now owns 94,132 shares of the company’s stock worth $5,567,000 after buying an additional 40,989 shares during the last quarter. POM Investment Strategies LLC grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 0.8% in the 4th quarter. POM Investment Strategies LLC now owns 136,217 shares of the company’s stock valued at $8,056,000 after buying an additional 1,021 shares during the period. Wagner Wealth Management LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 3.2% during the 4th quarter. Wagner Wealth Management LLC now owns 166,656 shares of the company’s stock valued at $9,856,000 after acquiring an additional 5,188 shares during the last quarter. Finally, Stephens Inc. AR increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 85.7% during the 4th quarter. Stephens Inc. AR now owns 85,799 shares of the company’s stock valued at $5,074,000 after acquiring an additional 39,590 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

RDVY opened at $62.43 on Wednesday. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $50.24 and a 1 year high of $64.63. The company’s 50 day simple moving average is $61.27 and its 200 day simple moving average is $59.86. The stock has a market capitalization of $13.62 billion, a PE ratio of 10.08 and a beta of 1.15.

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 paid a dividend of $0.2956 per share. 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.