Garden State Investment Advisory Services LLC Takes Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Garden State Investment Advisory Services LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 4,970 shares of the company’s stock, valued at approximately $294,000.

A number of other large investors also recently bought and sold shares of the business. Cullen Frost Bankers Inc. purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at approximately $25,000. Summit Investment Advisors Inc. raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 195.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 443 shares of the company’s stock worth $26,000 after purchasing an additional 293 shares during the last quarter. Graney & King LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $27,000. Sugarloaf Wealth Management LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $40,000. Finally, Sound Income Strategies LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth about $40,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

RDVY opened at $54.50 on Thursday. The company’s 50-day simple moving average is $58.75 and its two-hundred day simple moving average is $60.33. The stock has a market capitalization of $12.59 billion, a P/E ratio of 13.97 and a beta of 1.08. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $50.27 and a 52-week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.2544 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Thursday, March 27th. This is an increase from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19.

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.