Tennessee Valley Asset Management Partners Purchases Shares of 1,165 First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Tennessee Valley Asset Management Partners purchased a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,165 shares of the company’s stock, valued at approximately $60,000.

Several other large investors also recently made changes to their positions in RDVY. Aspire Capital Advisors LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 5.6% during the fourth quarter. Aspire Capital Advisors LLC now owns 139,923 shares of the company’s stock valued at $7,230,000 after acquiring an additional 7,437 shares during the period. Genesee Capital Advisors LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.1% during the fourth quarter. Genesee Capital Advisors LLC now owns 96,989 shares of the company’s stock valued at $5,011,000 after acquiring an additional 3,856 shares during the period. DHK Financial Advisors Inc. acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at approximately $336,000. Braun Bostich & Associates Inc. acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at approximately $1,113,000. Finally, Perigon Wealth Management LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 365.8% during the fourth quarter. Perigon Wealth Management LLC now owns 60,833 shares of the company’s stock valued at $3,143,000 after acquiring an additional 47,774 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ RDVY opened at $54.38 on Wednesday. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $42.42 and a 12 month high of $56.28. The firm has a market capitalization of $10.22 billion, a PE ratio of 9.85 and a beta of 1.15. The company’s 50 day simple moving average is $53.98 and its 200 day simple moving average is $50.61.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were given a $0.2238 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.90 annualized dividend and a yield of 1.65%.

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.