Millstone Evans Group LLC Takes Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Millstone Evans Group LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 7,804 shares of the company’s stock, valued at approximately $462,000.

A number of other large investors have also recently modified their holdings of RDVY. MAI Capital Management boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 22.0% during the 3rd quarter. MAI Capital Management now owns 14,715 shares of the company’s stock valued at $871,000 after acquiring an additional 2,657 shares during the last quarter. Moors & Cabot Inc. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter valued at about $271,000. L & S Advisors Inc boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 1.0% during the 3rd quarter. L & S Advisors Inc now owns 19,350 shares of the company’s stock valued at $1,146,000 after acquiring an additional 197 shares during the last quarter. Citigroup Inc. lifted its position in First Trust NASDAQ Rising Dividend Achievers by 7.3% in the 3rd quarter. Citigroup Inc. now owns 300,031 shares of the company’s stock worth $17,765,000 after buying an additional 20,531 shares during the last quarter. Finally, Covenant Asset Management LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter worth approximately $264,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ:RDVY opened at $58.58 on Friday. The business has a 50 day moving average of $61.18 and a 200 day moving average of $60.55. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of 14.78 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $52.78 and a 1-year high of $64.63.

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.