Elios Financial Group Inc. Acquires New Shares in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Elios Financial Group Inc. acquired a new position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the 3rd quarter, Holdings Channel reports. The firm acquired 113,687 shares of the company’s stock, valued at approximately $6,731,000. First Trust NASDAQ Rising Dividend Achievers comprises 3.1% of Elios Financial Group Inc.’s investment portfolio, making the stock its 7th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 24,700.0% during the 1st quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock worth $28,000 after purchasing an additional 494 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the first quarter valued at about $34,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the first quarter valued at about $3,569,000. Comerica Bank raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 1.4% in the 1st quarter. Comerica Bank now owns 109,156 shares of the company’s stock valued at $6,131,000 after acquiring an additional 1,515 shares during the period. Finally, Jaffetilchin Investment Partners LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 9.5% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 300,570 shares of the company’s stock worth $16,883,000 after acquiring an additional 26,013 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ:RDVY opened at $64.37 on Tuesday. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $47.18 and a fifty-two week high of $64.63. The company has a 50 day moving average price of $60.32 and a 200 day moving average price of $57.46. The stock has a market capitalization of $13.27 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.1912 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.76 annualized dividend and a dividend yield of 1.19%.

First Trust NASDAQ Rising Dividend Achievers 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.