Confluence Wealth Services Inc. Takes Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Confluence Wealth Services Inc. bought a new position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the first quarter, according to its most recent filing with the SEC. The firm bought 7,258 shares of the company’s stock, valued at approximately $408,000.

A number of other institutional investors also recently bought and sold shares of RDVY. Farmers & Merchants Investments Inc. acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth $25,000. Hazlett Burt & Watson Inc. lifted its position in First Trust NASDAQ Rising Dividend Achievers by 87.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 478 shares of the company’s stock worth $25,000 after acquiring an additional 223 shares during the period. PFG Private Wealth Management LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at about $26,000. Arlington Trust Co LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at about $29,000. Finally, Grove Bank & Trust purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth $42,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ:RDVY traded down $1.18 during mid-day trading on Tuesday, hitting $53.32. The company’s stock had a trading volume of 602,335 shares, compared to its average volume of 793,009. The business’s fifty day moving average is $54.23 and its two-hundred day moving average is $50.91. The stock has a market cap of $10.07 billion, a price-to-earnings ratio of 9.78 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $42.42 and a 1 year high of $56.28.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were issued a $0.2238 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.68%.

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.