Goldstone Financial Group LLC Invests $2.85 Million in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Goldstone Financial Group LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the 3rd quarter, Holdings Channel.com reports. The fund bought 48,137 shares of the company’s stock, valued at approximately $2,850,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 24,700.0% during the first quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock worth $28,000 after purchasing an additional 494 shares in the last quarter. Headlands Technologies LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the second quarter valued at about $29,000. Kings Path Partners LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the second quarter worth about $31,000. Russell Investments Group Ltd. purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the first quarter worth about $34,000. Finally, Rothschild Investment LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the second quarter valued at about $34,000.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.4 %

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $60.01 on Thursday. The firm has a market capitalization of $12.33 billion, a P/E ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $43.82 and a 52 week high of $60.94. The company has a 50 day moving average price of $58.64 and a 200 day moving average price of $56.43.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.1912 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.27%.

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.