Lighthouse Wealth Management Inc. Invests $297,000 in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Lighthouse Wealth Management Inc. purchased a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 5,020 shares of the company’s stock, valued at approximately $297,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Spectrum Wealth Advisory Group LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the third quarter worth $12,392,000. D.A. Davidson & CO. boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.5% during the 3rd quarter. D.A. Davidson & CO. now owns 674,180 shares of the company’s stock valued at $39,918,000 after acquiring an additional 29,294 shares in the last quarter. Claro Advisors LLC grew its position in First Trust NASDAQ Rising Dividend Achievers by 29.3% during the 3rd quarter. Claro Advisors LLC now owns 62,771 shares of the company’s stock worth $3,717,000 after acquiring an additional 14,235 shares during the last quarter. Elios Financial Group Inc. acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter worth about $6,731,000. Finally, ORG Partners LLC boosted its stake in shares of 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 Trading Down 0.6 %

NASDAQ:RDVY opened at $62.52 on Monday. The stock’s 50-day moving average is $61.46 and its 200-day moving average is $59.43. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $50.24 and a 1-year high of $64.63. The stock has a market cap of $13.55 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.2956 per share. The ex-dividend date 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.