Moment Partners LLC Invests $1.07 Million in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Moment Partners LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,125 shares of the company’s stock, valued at approximately $1,072,000.

A number of other hedge funds have also modified their holdings of RDVY. Raymond James Financial Inc. bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at $593,242,000. LPL Financial LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 4.8% in the fourth quarter. LPL Financial LLC now owns 21,307,144 shares of the company’s stock valued at $1,260,104,000 after buying an additional 980,714 shares in the last quarter. JPMorgan Chase & Co. grew its stake in First Trust NASDAQ Rising Dividend Achievers by 135.8% during the third quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company’s stock worth $66,838,000 after buying an additional 650,194 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 7.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company’s stock worth $333,550,000 after buying an additional 409,135 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 47.3% in the third quarter. HighTower Advisors LLC now owns 1,267,282 shares of the company’s stock valued at $75,007,000 after acquiring an additional 406,747 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ RDVY opened at $59.66 on Thursday. The stock’s 50 day simple moving average is $61.13 and its 200 day simple moving average is $60.64. First Trust NASDAQ Rising Dividend Achievers has a one year low of $52.78 and a one year high of $64.63. The firm has a market cap of $13.01 billion, a PE ratio of 14.78 and a beta of 1.15.

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.