Maridea Wealth Management LLC Makes New $308,000 Investment in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Maridea Wealth Management LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,210 shares of the company’s stock, valued at approximately $308,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of RDVY. Orion Portfolio Solutions LLC lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 36.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 64,132 shares of the company’s stock valued at $3,793,000 after acquiring an additional 17,235 shares during the period. Moment Partners LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $1,072,000. JPMorgan Chase & Co. boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 27.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,434,410 shares of the company’s stock worth $84,831,000 after buying an additional 305,575 shares during the last quarter. Graney & King LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth approximately $27,000. Finally, Ausdal Financial Partners Inc. grew its position in First Trust NASDAQ Rising Dividend Achievers by 1.2% during the fourth quarter. Ausdal Financial Partners Inc. now owns 36,401 shares of the company’s stock valued at $2,153,000 after buying an additional 427 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Down 2.0 %

RDVY opened at $58.03 on Friday. The firm’s 50 day simple moving average is $60.99 and its two-hundred day simple moving average is $60.67. The company has a market capitalization of $12.66 billion, a PE ratio of 14.89 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $52.78 and a 1-year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be issued a $0.2544 dividend. This is a boost from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19. This represents a $1.02 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, March 27th.

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.