Lynch & Associates IN Acquires 1,089 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Lynch & Associates IN lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 14.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,574 shares of the company’s stock after purchasing an additional 1,089 shares during the period. Lynch & Associates IN’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $469,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets raised its position in First Trust NASDAQ Rising Dividend Achievers by 24,700.0% in the first quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock worth $28,000 after acquiring an additional 494 shares during the period. Kings Path Partners LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter worth approximately $31,000. Russell Investments Group Ltd. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 1st quarter worth approximately $34,000. Rothschild Investment LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter worth approximately $34,000. Finally, Strategic Financial Concepts LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the second quarter valued at approximately $48,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ:RDVY opened at $56.04 on Friday. The company has a market capitalization of $11.15 billion, a P/E ratio of 10.08 and a beta of 1.15. The business has a fifty day simple moving average of $56.52 and a two-hundred day simple moving average of $55.21. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $43.30 and a 1 year high of $59.07.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a $0.2616 dividend. This represents a $1.05 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Thursday, June 27th.

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.