BlueChip Wealth Advisors LLC Acquires New Shares in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

BlueChip Wealth Advisors LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 72,596 shares of the company’s stock, valued at approximately $3,751,000. First Trust NASDAQ Rising Dividend Achievers makes up 2.6% of BlueChip Wealth Advisors LLC’s portfolio, making the stock its 11th biggest position.

Other hedge funds also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.0% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 45,248 shares of the company’s stock worth $2,338,000 after buying an additional 1,726 shares during the period. Objective Capital Management LLC lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 17.7% during the 4th quarter. Objective Capital Management LLC now owns 26,967 shares of the company’s stock worth $1,393,000 after buying an additional 4,058 shares during the period. Willner & Heller LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth about $1,957,000. Fisher Asset Management LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth about $274,000. Finally, Creekmur Asset Management LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth about $691,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY stock traded up $0.82 during mid-day trading on Monday, hitting $54.79. The company’s stock had a trading volume of 505,865 shares, compared to its average volume of 739,605. The company’s fifty day simple moving average is $54.55 and its 200-day simple moving average is $53.04. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $43.30 and a 52 week high of $56.28. The company has a market cap of $10.37 billion, a PE ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were given a $0.2238 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Thursday, March 21st.

About First Trust NASDAQ Rising Dividend Achievers

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.