Sugarloaf Wealth Management LLC Purchases New Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Sugarloaf Wealth Management LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 676 shares of the company’s stock, valued at approximately $40,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Headlands Technologies LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the second quarter worth $29,000. Crewe Advisors LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% in the 3rd quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock worth $97,000 after acquiring an additional 182 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter worth $104,000. Venturi Wealth Management LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the third quarter valued at about $105,000. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the third quarter valued at about $115,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY stock opened at $58.93 on Friday. The company has a market capitalization of $12.66 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $49.60 and a 52-week high of $64.63. The company has a 50-day simple moving average of $61.51 and a two-hundred day simple moving average of $58.87.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors 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.

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.