Beaumont Financial Advisors LLC Buys Shares of 49,282 First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Beaumont Financial Advisors LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 49,282 shares of the company’s stock, valued at approximately $2,546,000.

Other hedge funds also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. grew its stake in First Trust NASDAQ Rising Dividend Achievers by 87.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 478 shares of the company’s stock worth $25,000 after purchasing an additional 223 shares during the period. Cozad Asset Management Inc. grew its stake in First Trust NASDAQ Rising Dividend Achievers by 0.4% during the third quarter. Cozad Asset Management Inc. now owns 69,703 shares of the company’s stock worth $3,203,000 after purchasing an additional 249 shares during the period. Private Trust Co. NA grew its stake in First Trust NASDAQ Rising Dividend Achievers by 0.9% during the third quarter. Private Trust Co. NA now owns 31,136 shares of the company’s stock worth $1,431,000 after purchasing an additional 273 shares during the period. DAVENPORT & Co LLC grew its stake in First Trust NASDAQ Rising Dividend Achievers by 4.4% during the fourth quarter. DAVENPORT & Co LLC now owns 6,761 shares of the company’s stock worth $349,000 after purchasing an additional 286 shares during the period. Finally, Castleview Partners LLC grew its stake in First Trust NASDAQ Rising Dividend Achievers by 4.2% during the first quarter. Castleview Partners LLC now owns 7,239 shares of the company’s stock worth $325,000 after purchasing an additional 291 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.7 %

NASDAQ RDVY traded up $0.37 during trading hours on Friday, hitting $53.42. 489,844 shares of the company’s stock were exchanged, compared to its average volume of 798,896. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $42.42 and a 1-year high of $56.28. The stock has a 50-day simple moving average of $53.83 and a 200 day simple moving average of $50.36. The firm has a market cap of $10.01 billion, a price-to-earnings ratio of 9.85 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were given a dividend of $0.2238 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.68%.

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.