Next Level Private LLC Acquires 15,253 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Next Level Private LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 262,333 shares of the company’s stock after acquiring an additional 15,253 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers comprises 6.3% of Next Level Private LLC’s investment portfolio, making the stock its biggest position. Next Level Private LLC owned about 0.12% of First Trust NASDAQ Rising Dividend Achievers worth $15,514,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RDVY. Sunbelt Securities Inc. boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 65.3% in the 2nd quarter. Sunbelt Securities Inc. now owns 5,878 shares of the company’s stock valued at $322,000 after purchasing an additional 2,323 shares during the last quarter. Gateway Wealth Partners LLC boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 10.1% in the 2nd quarter. Gateway Wealth Partners LLC now owns 77,216 shares of the company’s stock valued at $4,228,000 after purchasing an additional 7,098 shares during the last quarter. Traction Financial Partners LLC boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 6.6% in the 2nd quarter. Traction Financial Partners LLC now owns 230,311 shares of the company’s stock valued at $13,066,000 after purchasing an additional 14,204 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 5.3% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 45,848 shares of the company’s stock valued at $2,510,000 after purchasing an additional 2,326 shares during the last quarter. Finally, Truist Financial Corp boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 12.7% in the 2nd quarter. Truist Financial Corp now owns 752,466 shares of the company’s stock valued at $41,198,000 after purchasing an additional 85,018 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ:RDVY opened at $62.64 on Tuesday. The firm has a market capitalization of $13.57 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The company’s 50-day moving average is $61.46 and its two-hundred day moving average is $59.43. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $50.24 and a 1-year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued 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.