Insight Inv LLC Buys Shares of 59,734 First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Insight Inv LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 59,734 shares of the company’s stock, valued at approximately $3,533,000. First Trust NASDAQ Rising Dividend Achievers accounts for about 2.5% of Insight Inv LLC’s portfolio, making the stock its 7th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of RDVY. Sugarloaf Wealth Management LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth $40,000. Sound Income Strategies LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth about $40,000. Eastern Bank purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $57,000. Crewe Advisors LLC raised its holdings in 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 valued at $97,000 after buying an additional 182 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the third quarter worth about $104,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

First Trust NASDAQ Rising Dividend Achievers stock opened at $62.52 on Friday. The company’s 50 day simple moving average is $61.46 and its 200-day simple moving average is $59.40. 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 $13.55 billion, a price-to-earnings 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. Shareholders of record on Friday, December 13th were given a $0.2956 dividend. The ex-dividend date of this dividend 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.