Twin Peaks Wealth Advisors LLC Increases Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Twin Peaks Wealth Advisors LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 7.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,053 shares of the company’s stock after buying an additional 2,392 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for approximately 0.9% of Twin Peaks Wealth Advisors LLC’s holdings, making the stock its 29th biggest position. Twin Peaks Wealth Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,073,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Horizon Advisory Services Inc. boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 22.4% during the fourth quarter. Horizon Advisory Services Inc. now owns 566,625 shares of the company’s stock worth $33,510,000 after acquiring an additional 103,730 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 16.3% in the 4th quarter. Bank of New York Mellon Corp now owns 5,119 shares of the company’s stock worth $303,000 after purchasing an additional 719 shares in the last quarter. EdgeRock Capital LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 24.8% in the 4th quarter. EdgeRock Capital LLC now owns 46,017 shares of the company’s stock worth $2,721,000 after buying an additional 9,148 shares during the last quarter. Pine Valley Investments Ltd Liability Co boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 3.5% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 237,341 shares of the company’s stock worth $14,036,000 after acquiring an additional 8,011 shares in the last quarter. Finally, BankPlus Trust Department bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth $237,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of NASDAQ:RDVY opened at $61.36 on Tuesday. The business has a fifty day moving average price of $61.24 and a 200-day moving average price of $60.26. The company has a market capitalization of $13.39 billion, a PE ratio of 14.00 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $52.26 and a 1-year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.2956 per share. 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.