Woodmont Investment Counsel LLC Grows Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Woodmont Investment Counsel LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 61.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,362 shares of the company’s stock after acquiring an additional 2,422 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $377,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of RDVY. BNP Paribas Financial Markets increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 24,700.0% during the 1st quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock worth $28,000 after purchasing an additional 494 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 14.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 218,413 shares of the company’s stock valued at $12,268,000 after buying an additional 26,967 shares during the period. Atomi Financial Group Inc. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the first quarter valued at about $624,000. Concurrent Investment Advisors LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 18.5% in the first quarter. Concurrent Investment Advisors LLC now owns 203,205 shares of the company’s stock worth $11,414,000 after acquiring an additional 31,672 shares during the period. Finally, Capital Square LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers during the 1st quarter worth about $297,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ:RDVY opened at $62.73 on Friday. The firm has a 50-day simple moving average of $58.95 and a 200-day simple moving average of $56.70. First Trust NASDAQ Rising Dividend Achievers has a one year low of $45.15 and a one year high of $63.51. The firm has a market cap of $12.93 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 disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.1912 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Thursday, September 26th.

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.