Strategic Planning Group LLC Takes Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Strategic Planning Group LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 193,316 shares of the company’s stock, valued at approximately $11,433,000. First Trust NASDAQ Rising Dividend Achievers comprises 2.1% of Strategic Planning Group LLC’s holdings, making the stock its 16th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Spectrum Wealth Advisory Group LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the third quarter worth $12,392,000. D.A. Davidson & CO. grew its position in First Trust NASDAQ Rising Dividend Achievers by 4.5% during the 3rd quarter. D.A. Davidson & CO. now owns 674,180 shares of the company’s stock valued at $39,918,000 after purchasing an additional 29,294 shares during the last quarter. Claro Advisors LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers by 29.3% during the 3rd quarter. Claro Advisors LLC now owns 62,771 shares of the company’s stock valued at $3,717,000 after purchasing an additional 14,235 shares in the last quarter. Elios Financial Group Inc. purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the third quarter worth about $6,731,000. Finally, ORG Partners LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 259.3% during the fourth quarter. ORG Partners LLC now owns 202,120 shares of the company’s stock valued at $11,953,000 after buying an additional 145,866 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.2 %

Shares of RDVY opened at $62.72 on Thursday. The company has a market capitalization of $13.64 billion, a P/E ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $50.24 and a twelve month high of $64.63. The firm has a 50 day moving average of $61.49 and a 200 day moving average of $59.53.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.2956 per share. The ex-dividend date was Friday, December 13th.

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.