Cornerstone Wealth Management LLC Acquires 28,960 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Cornerstone Wealth Management LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 31.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 120,161 shares of the company’s stock after buying an additional 28,960 shares during the quarter. Cornerstone Wealth Management LLC owned approximately 0.06% of First Trust NASDAQ Rising Dividend Achievers worth $7,106,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Spectrum Wealth Advisory Group LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the third quarter valued at approximately $12,392,000. D.A. Davidson & CO. lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.5% during the third quarter. D.A. Davidson & CO. now owns 674,180 shares of the company’s stock valued at $39,918,000 after purchasing an additional 29,294 shares in the last quarter. Claro Advisors LLC lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 29.3% during the third quarter. Claro Advisors LLC now owns 62,771 shares of the company’s stock valued at $3,717,000 after purchasing an additional 14,235 shares in the last quarter. Elios Financial Group Inc. purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the third quarter valued at approximately $6,731,000. Finally, ORG Partners LLC lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 259.3% during the fourth quarter. ORG Partners LLC now owns 202,120 shares of the company’s stock valued at $11,953,000 after purchasing an additional 145,866 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of NASDAQ:RDVY opened at $62.88 on Friday. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $50.24 and a 1-year high of $64.63. The company has a market capitalization of $13.60 billion, a P/E ratio of 10.08 and a beta of 1.15. The firm’s 50 day simple moving average is $61.44 and its two-hundred day simple moving average is $59.29.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued 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.