Claro Advisors LLC Has $4.03 Million Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Claro Advisors LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 8.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 68,190 shares of the company’s stock after purchasing an additional 5,419 shares during the quarter. Claro Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $4,033,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of RDVY. Spectrum Wealth Advisory Group LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the third quarter worth approximately $12,392,000. D.A. Davidson & CO. lifted its position in First Trust NASDAQ Rising Dividend Achievers by 4.5% in the third quarter. D.A. Davidson & CO. now owns 674,180 shares of the company’s stock worth $39,918,000 after purchasing an additional 29,294 shares during the period. Perennial Investment Advisors LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 6.5% during the 2nd quarter. Perennial Investment Advisors LLC now owns 324,521 shares of the company’s stock valued at $17,767,000 after acquiring an additional 19,794 shares in the last quarter. Elios Financial Group Inc. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter valued at approximately $6,731,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in First Trust NASDAQ Rising Dividend Achievers by 3.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 356,723 shares of the company’s stock valued at $19,531,000 after acquiring an additional 12,417 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Up 1.3 %

RDVY stock traded up $0.77 during midday trading on Monday, reaching $59.70. 718,643 shares of the company’s stock traded hands, compared to its average volume of 862,187. The company has a 50-day simple moving average of $61.51 and a two-hundred day simple moving average of $58.93. The company has a market cap of $12.83 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $49.60 and a 1-year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.2956 dividend. The ex-dividend date was Friday, December 13th.

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.