SFG Wealth Management LLC. Boosts Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

SFG Wealth Management LLC. raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 6.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,270 shares of the company’s stock after buying an additional 688 shares during the quarter. SFG Wealth Management LLC.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Services Advisory Inc lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 1.2% in the third quarter. Financial Services Advisory Inc now owns 14,883 shares of the company’s stock worth $881,000 after buying an additional 170 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 3.5% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 5,573 shares of the company’s stock valued at $305,000 after acquiring an additional 186 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 0.3% in the second quarter. Arkadios Wealth Advisors now owns 71,312 shares of the company’s stock valued at $3,904,000 after purchasing an additional 228 shares in the last quarter. Old Port Advisors increased its position in First Trust NASDAQ Rising Dividend Achievers by 3.9% in the second quarter. Old Port Advisors now owns 6,728 shares of the company’s stock worth $368,000 after purchasing an additional 250 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. raised its stake in First Trust NASDAQ Rising Dividend Achievers by 54.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 740 shares of the company’s stock valued at $40,000 after purchasing an additional 260 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of NASDAQ:RDVY traded up $0.09 on Friday, reaching $62.82. The company’s stock had a trading volume of 127,364 shares, compared to its average volume of 717,170. The company has a 50-day simple moving average of $58.95 and a 200 day simple moving average of $56.70. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $45.15 and a 52-week high of $63.51. The company has a market cap of $12.95 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.1912 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.76 annualized dividend and a yield of 1.22%.

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.