Stonebridge Financial Planning Group LLC Boosts Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Stonebridge Financial Planning Group LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 42.8% during the fourth quarter, HoldingsChannel reports. The firm owned 14,749 shares of the company’s stock after purchasing an additional 4,417 shares during the period. Stonebridge Financial Planning Group LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $762,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $25,000. Hazlett Burt & Watson Inc. lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 87.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 478 shares of the company’s stock valued at $25,000 after acquiring an additional 223 shares during the last quarter. PFG Private Wealth Management LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at approximately $26,000. Arlington Trust Co LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at approximately $29,000. Finally, Grove Bank & Trust purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at approximately $42,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock traded down $1.18 during trading hours on Tuesday, reaching $53.32. 602,335 shares of the company were exchanged, compared to its average volume of 793,009. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $42.42 and a 1 year high of $56.28. The stock’s fifty day moving average is $54.19 and its 200 day moving average is $50.86. The firm has a market cap of $10.07 billion, a PE ratio of 9.78 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were issued a $0.2238 dividend. This represents a $0.90 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Thursday, March 21st.

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.