Elios Financial Group Inc. Acquires Shares of 113,687 First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Elios Financial Group Inc. bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 113,687 shares of the company’s stock, valued at approximately $6,731,000. First Trust NASDAQ Rising Dividend Achievers makes up about 3.1% of Elios Financial Group Inc.’s holdings, making the stock its 7th biggest holding. Elios Financial Group Inc. owned about 0.06% of First Trust NASDAQ Rising Dividend Achievers as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of RDVY. BNP Paribas Financial Markets raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 24,700.0% in the 1st quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock valued at $28,000 after acquiring an additional 494 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the second quarter valued at approximately $29,000. Kings Path Partners LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the second quarter valued at approximately $31,000. Russell Investments Group Ltd. purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the first quarter worth approximately $34,000. Finally, Rothschild Investment LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the second quarter worth approximately $34,000.

First Trust NASDAQ Rising Dividend Achievers Stock Up 1.0 %

Shares of NASDAQ:RDVY opened at $64.37 on Tuesday. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $47.18 and a 52-week high of $64.63. The stock has a market cap of $13.27 billion, a P/E ratio of 10.08 and a beta of 1.15. The business has a fifty day moving average of $60.32 and a two-hundred day moving average of $57.46.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.1912 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Thursday, September 26th.

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.