Beaumont Financial Advisors LLC Takes $2.55 Million Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Beaumont Financial Advisors LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the fourth quarter, HoldingsChannel reports. The fund purchased 49,282 shares of the company’s stock, valued at approximately $2,546,000.

A number of other institutional investors also recently bought and sold shares of the stock. Farmers & Merchants Investments Inc. purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at about $25,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 87.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 478 shares of the company’s stock valued at $25,000 after purchasing an additional 223 shares during the last quarter. PFG Private Wealth Management LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $26,000. Arlington Trust Co LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $29,000. Finally, Harbor Investment Advisory LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter valued at approximately $29,000.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.7 %

First Trust NASDAQ Rising Dividend Achievers stock traded up $0.37 during mid-day trading on Friday, hitting $53.42. The company had a trading volume of 489,844 shares, compared to its average volume of 798,896. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $42.42 and a 12 month high of $56.28. The company has a market capitalization of $10.01 billion, a PE ratio of 9.85 and a beta of 1.15. The stock’s 50 day moving average price is $53.83 and its two-hundred day moving average price is $50.36.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

First Trust NASDAQ Rising Dividend Achievers Company Profile

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.