GSG Advisors LLC Acquires 4,369 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

GSG Advisors LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 3.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 143,622 shares of the company’s stock after purchasing an additional 4,369 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers makes up about 2.8% of GSG Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. GSG Advisors LLC owned 0.07% of First Trust NASDAQ Rising Dividend Achievers worth $8,438,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its stake in shares of 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 in the last quarter. Headlands Technologies LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the second quarter worth $29,000. Kings Path Partners LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the second quarter valued at $31,000. Russell Investments Group Ltd. bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 1st quarter valued at about $34,000. Finally, Rothschild Investment LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter worth about $34,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY stock opened at $62.81 on Friday. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $45.15 and a 52-week high of $63.51. The stock has a market cap of $12.95 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The firm’s 50-day moving average is $59.03 and its 200-day moving average is $56.78.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.1912 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.76 annualized dividend and a yield of 1.22%.

First Trust NASDAQ Rising Dividend Achievers Company 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.