Solano Wealth Management Inc. Has $16.99 Million Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Solano Wealth Management Inc. raised its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 328,735 shares of the company’s stock after acquiring an additional 10,208 shares during the period. First Trust NASDAQ Rising Dividend Achievers makes up approximately 10.3% of Solano Wealth Management Inc.’s holdings, making the stock its 4th biggest holding. Solano Wealth Management Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $16,986,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Hazlett Burt & Watson Inc. increased its holdings in shares of 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 valued at $25,000 after acquiring an additional 223 shares in the last quarter. Cozad Asset Management Inc. increased its stake in First Trust NASDAQ Rising Dividend Achievers by 0.4% during the 3rd quarter. Cozad Asset Management Inc. now owns 69,703 shares of the company’s stock valued at $3,203,000 after purchasing an additional 249 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.4% in the fourth quarter. DAVENPORT & Co LLC now owns 6,761 shares of the company’s stock worth $349,000 after buying an additional 286 shares during the last quarter. Comprehensive Financial Consultants Institutional Inc. lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 2.0% during the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 15,496 shares of the company’s stock worth $801,000 after buying an additional 300 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 6.5% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 5,309 shares of the company’s stock valued at $273,000 after buying an additional 323 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

RDVY traded up $0.47 on Friday, reaching $54.19. 634,652 shares of the stock were exchanged, compared to its average volume of 786,011. The company’s 50-day moving average price is $54.32 and its 200 day moving average price is $51.04. The firm has a market capitalization of $10.26 billion, a PE ratio of 9.78 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $42.42 and a fifty-two week high of $56.28.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were issued a $0.2238 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.90 annualized dividend and a yield of 1.65%.

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.