Kaydan Wealth Management Inc. Grows Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Kaydan Wealth Management Inc. grew its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 18,197 shares of the company’s stock after acquiring an additional 405 shares during the quarter. Kaydan Wealth Management Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,076,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of RDVY. TruWealth Advisors LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 1.0% in the 4th quarter. TruWealth Advisors LLC now owns 71,145 shares of the company’s stock valued at $4,208,000 after purchasing an additional 706 shares during the last quarter. Arkadios Wealth Advisors lifted its position in First Trust NASDAQ Rising Dividend Achievers by 26.3% in the fourth quarter. Arkadios Wealth Advisors now owns 122,395 shares of the company’s stock worth $7,238,000 after buying an additional 25,484 shares during the last quarter. TrueWealth Advisors LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 4.0% during the fourth quarter. TrueWealth Advisors LLC now owns 35,615 shares of the company’s stock worth $2,106,000 after buying an additional 1,370 shares during the period. Merit Financial Group LLC increased its position in First Trust NASDAQ Rising Dividend Achievers by 5.5% during the fourth quarter. Merit Financial Group LLC now owns 40,698 shares of the company’s stock valued at $2,407,000 after acquiring an additional 2,132 shares during the last quarter. Finally, Walker Asset Management LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 2.0% in the fourth quarter. Walker Asset Management LLC now owns 20,021 shares of the company’s stock valued at $1,184,000 after acquiring an additional 400 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.5 %

RDVY stock opened at $62.18 on Monday. The stock has a market cap of $13.39 billion, a PE ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $49.60 and a 12 month high of $64.63. The company has a 50-day moving average price of $61.47 and a 200 day moving average price of $59.16.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given 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.