Perissos Private Wealth Management LLC Raises Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Perissos Private Wealth Management LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 4.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 15,520 shares of the company’s stock after purchasing an additional 731 shares during the quarter. Perissos Private Wealth Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $850,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Harbour Investments Inc. raised its stake in First Trust NASDAQ Rising Dividend Achievers by 11.1% during the 4th quarter. Harbour Investments Inc. now owns 524,830 shares of the company’s stock valued at $27,118,000 after buying an additional 52,344 shares during the last quarter. US Bancorp DE increased its position in First Trust NASDAQ Rising Dividend Achievers by 107.5% during the fourth quarter. US Bancorp DE now owns 305,539 shares of the company’s stock valued at $15,790,000 after acquiring an additional 158,285 shares during the last quarter. Focus Financial Network Inc. ADV bought a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $4,151,000. ORBA Wealth Advisors L.L.C. purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth about $4,565,000. Finally, Steward Partners Investment Solutions LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth about $1,903,000.

First Trust NASDAQ Rising Dividend Achievers Stock Up 1.3 %

NASDAQ RDVY opened at $57.24 on Monday. The company has a 50-day moving average price of $56.69 and a 200-day moving average price of $55.38. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $43.30 and a 52 week high of $59.07. The firm has a market capitalization of $11.39 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were issued a dividend of $0.2616 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.05 dividend on an annualized basis and a yield of 1.83%.

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.