Synergy Investment Management LLC Takes $533,000 Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Synergy Investment Management LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 9,013 shares of the company’s stock, valued at approximately $533,000.

Several other hedge funds have also recently bought and sold shares of the company. Sugarloaf Wealth Management LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $40,000. Sound Income Strategies LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $40,000. Eastern Bank acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $57,000. Blue Trust Inc. lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 2,807.1% in the 4th quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock valued at $72,000 after buying an additional 1,179 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $74,000.

First Trust NASDAQ Rising Dividend Achievers Trading Down 1.8 %

NASDAQ:RDVY opened at $60.34 on Tuesday. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $52.78 and a 12-month high of $64.63. The firm has a market cap of $13.16 billion, a price-to-earnings ratio of 14.00 and a beta of 1.15. The company’s 50-day moving average is $61.41 and its two-hundred day moving average is $60.49.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.2956 per share. The ex-dividend date was Friday, December 13th.

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.