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

SMART Wealth LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 5.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 100,475 shares of the company’s stock after purchasing an additional 5,120 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for 2.1% of SMART Wealth LLC’s investment portfolio, making the stock its 13th largest position. SMART Wealth LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $5,942,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Miracle Mile Advisors LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter worth about $218,000. Atomi Financial Group Inc. increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 8.3% in the third quarter. Atomi Financial Group Inc. now owns 12,896 shares of the company’s stock worth $764,000 after purchasing an additional 983 shares during the last quarter. Brookstone Capital Management raised its stake in First Trust NASDAQ Rising Dividend Achievers by 394.1% in the third quarter. Brookstone Capital Management now owns 18,237 shares of the company’s stock valued at $1,080,000 after purchasing an additional 14,546 shares in the last quarter. CWM LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers by 9.8% in the third quarter. CWM LLC now owns 480,651 shares of the company’s stock valued at $28,459,000 after purchasing an additional 43,025 shares in the last quarter. Finally, Pinnacle Bancorp Inc. lifted its position in First Trust NASDAQ Rising Dividend Achievers by 34.8% during the third quarter. Pinnacle Bancorp Inc. now owns 2,191 shares of the company’s stock valued at $130,000 after purchasing an additional 566 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of NASDAQ:RDVY opened at $62.63 on Friday. First Trust NASDAQ Rising Dividend Achievers has a one year low of $50.24 and a one year high of $64.63. The firm has a market capitalization of $13.66 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The company’s fifty day moving average price is $61.38 and its 200-day moving average price is $59.73.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors 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.