Perissos Private Wealth Management LLC Acquires 731 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Perissos Private Wealth Management LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 4.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 15,520 shares of the company’s stock after purchasing an additional 731 shares during the period. Perissos Private Wealth Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $850,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Great Lakes Advisors LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $239,000. Brown Advisory Inc. increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.8% during the fourth quarter. Brown Advisory Inc. now owns 28,756 shares of the company’s stock valued at $1,486,000 after acquiring an additional 1,323 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 1.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 901,064 shares of the company’s stock worth $46,558,000 after purchasing an additional 9,763 shares during the last quarter. Gladstone Institutional Advisory LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 840.9% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 213,030 shares of the company’s stock worth $11,007,000 after purchasing an additional 190,390 shares in the last quarter. Finally, Thoroughbred Financial Services LLC grew its position in First Trust NASDAQ Rising Dividend Achievers by 4.8% during the 4th quarter. Thoroughbred Financial Services LLC now owns 114,925 shares of the company’s stock valued at $5,938,000 after purchasing an additional 5,224 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ:RDVY opened at $57.24 on Monday. The firm has a 50-day simple moving average of $56.69 and a two-hundred day simple moving average of $55.38. The firm has a market cap of $11.39 billion, a P/E ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $43.30 and a fifty-two week high of $59.07.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a $0.2616 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.05 dividend on an annualized basis and a yield of 1.83%.

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.