Platform Technology Partners Raises Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Platform Technology Partners raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 26.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,578 shares of the company’s stock after buying an additional 4,112 shares during the quarter. Platform Technology Partners’ holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,158,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Sound Income Strategies LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $40,000. Sugarloaf Wealth Management LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at about $40,000. Eastern Bank purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $57,000. Blue Trust Inc. increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 2,807.1% in the fourth quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock worth $72,000 after purchasing an additional 1,179 shares during the last quarter. Finally, Crewe Advisors LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers by 12.5% in the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock valued at $97,000 after purchasing an additional 182 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $62.09 on Friday. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $50.24 and a 1 year high of $64.63. The firm has a market cap of $13.54 billion, a PE ratio of 10.08 and a beta of 1.15. The company has a 50 day simple moving average of $61.35 and a two-hundred day simple moving average of $59.75.

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 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.