Legacy Investment Solutions LLC Acquires New Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Legacy Investment Solutions LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,145 shares of the company’s stock, valued at approximately $323,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of RDVY. Park Avenue Securities LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 9.0% in the 2nd quarter. Park Avenue Securities LLC now owns 15,202 shares of the company’s stock valued at $832,000 after buying an additional 1,250 shares during the period. PCG Wealth Advisors LLC grew its stake in First Trust NASDAQ Rising Dividend Achievers by 8.0% in the second quarter. PCG Wealth Advisors LLC now owns 19,036 shares of the company’s stock worth $1,042,000 after purchasing an additional 1,404 shares in the last quarter. Great Valley Advisor Group Inc. grew its stake in First Trust NASDAQ Rising Dividend Achievers by 19.7% in the second quarter. Great Valley Advisor Group Inc. now owns 35,149 shares of the company’s stock worth $1,924,000 after purchasing an additional 5,788 shares in the last quarter. Mainsail Financial Group LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 17.1% during the 2nd quarter. Mainsail Financial Group LLC now owns 113,533 shares of the company’s stock worth $6,216,000 after purchasing an additional 16,571 shares during the period. Finally, ORBA Wealth Advisors L.L.C. raised its position in First Trust NASDAQ Rising Dividend Achievers by 1.4% during the 2nd quarter. ORBA Wealth Advisors L.L.C. now owns 88,361 shares of the company’s stock valued at $4,838,000 after purchasing an additional 1,180 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.3 %

RDVY opened at $62.89 on Friday. The company has a market capitalization of $12.96 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $48.42 and a 12-month high of $64.63. The business’s fifty day simple moving average is $61.23 and its 200-day simple moving average is $57.96.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.1912 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Thursday, September 26th.

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.