71,332 Shares in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Acquired by Hidden Cove Wealth Management LLC

Hidden Cove Wealth Management LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 71,332 shares of the company’s stock, valued at approximately $4,219,000. First Trust NASDAQ Rising Dividend Achievers comprises 3.4% of Hidden Cove Wealth Management LLC’s investment portfolio, making the stock its 7th largest holding.

A number of other large investors also recently bought and sold shares of the stock. Sound Income Strategies LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $40,000. Sugarloaf Wealth Management LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at approximately $40,000. Eastern Bank purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at approximately $57,000. Blue Trust Inc. lifted its position in First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during the fourth quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock valued at $72,000 after buying an additional 1,179 shares in the last quarter. Finally, Crewe Advisors LLC grew its stake in First Trust NASDAQ Rising Dividend Achievers by 12.5% during the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock worth $97,000 after buying an additional 182 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Down 1.4 %

First Trust NASDAQ Rising Dividend Achievers stock opened at $61.58 on Thursday. The firm has a market capitalization of $13.43 billion, a P/E ratio of 10.08 and a beta of 1.15. The firm has a fifty day moving average of $61.24 and a 200-day moving average of $59.89. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $50.24 and a 52-week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

About First Trust NASDAQ Rising Dividend Achievers

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.