Brookstone Capital Management Buys 10,888 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Brookstone Capital Management grew its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 59.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,125 shares of the company’s stock after acquiring an additional 10,888 shares during the period. Brookstone Capital Management’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,722,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers during the second quarter worth about $29,000. Sugarloaf Wealth Management LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $40,000. Crewe Advisors LLC grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 12.5% during the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock worth $97,000 after purchasing an additional 182 shares during the period. Wilmington Savings Fund Society FSB bought a new position in First Trust NASDAQ Rising Dividend Achievers during the third quarter worth about $104,000. Finally, Venturi Wealth Management LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers during the third quarter worth about $105,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

First Trust NASDAQ Rising Dividend Achievers stock opened at $61.67 on Thursday. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $49.60 and a 52 week high of $64.63. The stock has a market capitalization of $13.25 billion, a P/E ratio of 10.08 and a beta of 1.15. The stock has a 50-day simple moving average of $61.50 and a 200 day simple moving average of $59.03.

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 given 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.