WealthCare Investment Partners LLC Purchases 924 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

WealthCare Investment Partners LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 1.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 57,895 shares of the company’s stock after purchasing an additional 924 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers accounts for 1.6% of WealthCare Investment Partners LLC’s holdings, making the stock its 15th largest position. WealthCare Investment Partners LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,720,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of RDVY. Beacon Capital Management LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 638.3% during the second quarter. Beacon Capital Management LLC now owns 694 shares of the company’s stock valued at $33,000 after buying an additional 600 shares during the last quarter. WealthShield Partners LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the first quarter valued at approximately $48,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the first quarter worth $52,000. Fifth Third Bancorp increased its position in First Trust NASDAQ Rising Dividend Achievers by 738.4% in the first quarter. Fifth Third Bancorp now owns 1,266 shares of the company’s stock worth $57,000 after purchasing an additional 1,115 shares during the last quarter. Finally, Godsey & Gibb Inc. bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the first quarter worth $62,000.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.5 %

RDVY traded down $0.25 during trading hours on Tuesday, hitting $47.13. The company’s stock had a trading volume of 359,160 shares, compared to its average volume of 652,192. The business’s 50-day moving average price is $48.19 and its 200-day moving average price is $46.24. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $38.34 and a 12 month high of $49.68. The stock has a market cap of $8.04 billion, a price-to-earnings ratio of 9.91 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Wednesday, June 28th were given a $0.3021 dividend. This represents a $1.21 annualized dividend and a yield of 2.56%. The ex-dividend date was Tuesday, June 27th. This is a boost from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.21.

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.