Apollon Wealth Management LLC Raises Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Apollon Wealth Management LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,762 shares of the company’s stock after acquiring an additional 331 shares during the quarter. Apollon Wealth Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,111,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RDVY. Nations Financial Group Inc. IA ADV lifted its position in First Trust NASDAQ Rising Dividend Achievers by 25.4% in the third quarter. Nations Financial Group Inc. IA ADV now owns 43,044 shares of the company’s stock valued at $2,549,000 after buying an additional 8,728 shares during the last quarter. tru Independence LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers by 8.4% in the third quarter. tru Independence LLC now owns 148,061 shares of the company’s stock valued at $8,767,000 after purchasing an additional 11,482 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the third quarter valued at approximately $105,000. Arvest Investments Inc. boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.3% in the third quarter. Arvest Investments Inc. now owns 51,686 shares of the company’s stock valued at $3,060,000 after acquiring an additional 5,671 shares during the period. Finally, Tyler Stone Wealth Management boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 100.7% in the third quarter. Tyler Stone Wealth Management now owns 4,297 shares of the company’s stock valued at $254,000 after acquiring an additional 2,156 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of NASDAQ RDVY opened at $62.48 on Friday. The stock has a fifty day moving average price of $59.35 and a 200 day moving average price of $56.96. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $46.60 and a 1-year high of $63.72. The company has a market cap of $12.88 billion, a PE ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.1912 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Thursday, September 26th.

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.