Focus Financial Network Inc. Has $5.57 Million Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Focus Financial Network Inc. boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 77.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 94,132 shares of the company’s stock after buying an additional 40,989 shares during the quarter. Focus Financial Network Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $5,567,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. MBE Wealth Management LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.2% in the fourth quarter. MBE Wealth Management LLC now owns 4,057 shares of the company’s stock valued at $240,000 after purchasing an additional 163 shares during the last quarter. Trueblood Wealth Management LLC grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 1.4% during the 4th quarter. Trueblood Wealth Management LLC now owns 12,233 shares of the company’s stock worth $723,000 after buying an additional 167 shares during the period. Financial Services Advisory Inc increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 1.2% in the 3rd quarter. Financial Services Advisory Inc now owns 14,883 shares of the company’s stock valued at $881,000 after acquiring an additional 170 shares during the last quarter. Crewe Advisors LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% in the 3rd quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock valued at $97,000 after acquiring an additional 182 shares during the period. Finally, L & S Advisors Inc boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 1.0% during the 3rd quarter. L & S Advisors Inc now owns 19,350 shares of the company’s stock worth $1,146,000 after acquiring an additional 197 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of NASDAQ RDVY opened at $62.34 on Tuesday. The firm has a 50 day moving average price of $61.31 and a 200 day moving average price of $59.82. The stock has a market cap of $13.60 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 $50.24 and a 52-week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

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.