Strategic Financial Concepts LLC Invests $48,000 in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Strategic Financial Concepts LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 90,760 shares of the company’s stock, valued at approximately $48,000.

Several other institutional investors have also bought and sold shares of RDVY. Harbour Investments Inc. lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 11.1% during the 4th quarter. Harbour Investments Inc. now owns 524,830 shares of the company’s stock valued at $27,118,000 after buying an additional 52,344 shares during the last quarter. US Bancorp DE lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 107.5% during the 4th quarter. US Bancorp DE now owns 305,539 shares of the company’s stock valued at $15,790,000 after buying an additional 158,285 shares during the last quarter. Focus Financial Network Inc. ADV purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $4,151,000. ORBA Wealth Advisors L.L.C. purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $4,565,000. Finally, Steward Partners Investment Solutions LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $1,903,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of NASDAQ RDVY opened at $56.18 on Wednesday. First Trust NASDAQ Rising Dividend Achievers has a one year low of $43.30 and a one year high of $59.07. The business’s fifty day moving average price is $56.58 and its 200-day moving average price is $55.29. The stock has a market capitalization of $11.18 billion, a PE ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a $0.2616 dividend. This represents a $1.05 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Thursday, June 27th.

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.