Summit Wealth Partners LLC Makes New $334,000 Investment in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Summit Wealth Partners LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,641 shares of the company’s stock, valued at approximately $334,000.

A number of other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 5,796.9% during the 3rd quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock valued at $402,823,000 after acquiring an additional 6,687,924 shares during the period. Cetera Investment Advisers raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 178.5% during the first quarter. Cetera Investment Advisers now owns 2,264,096 shares of the company’s stock worth $127,174,000 after purchasing an additional 1,451,045 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in First Trust NASDAQ Rising Dividend Achievers by 18.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company’s stock valued at $376,283,000 after purchasing an additional 1,084,117 shares during the period. LPL Financial LLC boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 3.7% in the second quarter. LPL Financial LLC now owns 19,372,722 shares of the company’s stock valued at $1,060,656,000 after purchasing an additional 687,098 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in First Trust NASDAQ Rising Dividend Achievers by 12.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock worth $309,720,000 after purchasing an additional 596,099 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ RDVY opened at $59.04 on Friday. The firm has a market capitalization of $12.13 billion, a P/E ratio of 10.08 and a beta of 1.15. The stock has a 50-day simple moving average of $58.68 and a two-hundred day simple moving average of $56.44. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $43.82 and a fifty-two week high of $60.94.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.1912 per share. This represents a $0.76 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, September 26th.

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.