Grantvest Financial Group LLC Invests $1.31 Million in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Grantvest Financial Group LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 22,073 shares of the company’s stock, valued at approximately $1,305,000. First Trust NASDAQ Rising Dividend Achievers comprises approximately 1.5% of Grantvest Financial Group LLC’s portfolio, making the stock its 18th biggest holding.

Other large investors also recently bought and sold shares of the company. MBE Wealth Management LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.2% during the 4th quarter. MBE Wealth Management LLC now owns 4,057 shares of the company’s stock valued at $240,000 after purchasing an additional 163 shares during the last quarter. Trueblood Wealth Management LLC increased its position in First Trust NASDAQ Rising Dividend Achievers by 1.4% during the fourth quarter. Trueblood Wealth Management LLC now owns 12,233 shares of the company’s stock valued at $723,000 after acquiring an additional 167 shares during the last quarter. Pacific Sun Financial Corp raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 2.9% in the fourth quarter. Pacific Sun Financial Corp now owns 6,090 shares of the company’s stock valued at $360,000 after acquiring an additional 170 shares during the period. Crewe Advisors LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% in the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock valued at $97,000 after acquiring an additional 182 shares during the period. Finally, Wealth Effects LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 0.6% during the 4th quarter. Wealth Effects LLC now owns 34,830 shares of the company’s stock worth $2,060,000 after purchasing an additional 200 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.8 %

Shares of NASDAQ:RDVY opened at $58.58 on Monday. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $52.78 and a 12 month high of $64.63. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of 14.78 and a beta of 1.15. The firm’s 50-day moving average is $61.18 and its 200 day moving average is $60.60.

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.