POM Investment Strategies LLC Has $8.06 Million Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

POM Investment Strategies LLC raised its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 136,217 shares of the company’s stock after buying an additional 1,021 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers comprises 6.1% of POM Investment Strategies LLC’s investment portfolio, making the stock its 8th largest position. POM Investment Strategies LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $8,056,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Spectrum Wealth Advisory Group LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the third quarter valued at $12,392,000. D.A. Davidson & CO. lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.5% in the 3rd quarter. D.A. Davidson & CO. now owns 674,180 shares of the company’s stock worth $39,918,000 after purchasing an additional 29,294 shares during the period. Claro Advisors LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 29.3% during the 3rd quarter. Claro Advisors LLC now owns 62,771 shares of the company’s stock valued at $3,717,000 after purchasing an additional 14,235 shares in the last quarter. Elios Financial Group Inc. bought a new position in First Trust NASDAQ Rising Dividend Achievers in the third quarter worth about $6,731,000. Finally, ORG Partners LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers by 259.3% in the fourth quarter. ORG Partners LLC now owns 202,120 shares of the company’s stock worth $11,953,000 after buying an additional 145,866 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

First Trust NASDAQ Rising Dividend Achievers stock opened at $62.34 on Tuesday. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $50.24 and a fifty-two week high of $64.63. The stock’s 50 day simple moving average is $61.31 and its two-hundred day simple moving average is $59.82. The stock has a market cap of $13.60 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.2956 dividend. 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.