Sound Income Strategies LLC Acquires Shares of 671 First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Sound Income Strategies LLC purchased a new position in shares of 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 & Exchange Commission. The firm purchased 671 shares of the company’s stock, valued at approximately $40,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cornerstone Wealth Management LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 31.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 120,161 shares of the company’s stock valued at $7,106,000 after purchasing an additional 28,960 shares during the last quarter. Mutual Advisors LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 1.5% during the fourth quarter. Mutual Advisors LLC now owns 52,551 shares of the company’s stock worth $3,252,000 after purchasing an additional 767 shares during the period. Traynor Capital Management Inc. purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $209,000. Independent Wealth Network Inc. raised its position in First Trust NASDAQ Rising Dividend Achievers by 4.8% during the 4th quarter. Independent Wealth Network Inc. now owns 5,713 shares of the company’s stock worth $338,000 after buying an additional 262 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 12.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 667,203 shares of the company’s stock worth $39,458,000 after acquiring an additional 74,539 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.6 %

Shares of NASDAQ:RDVY opened at $62.52 on Friday. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $50.24 and a fifty-two week high of $64.63. The firm’s 50-day simple moving average is $61.46 and its 200-day simple moving average is $59.40. The company has a market cap of $13.55 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.2956 per share. 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.