Financial Partners Group Inc Increases Stake in First Trust NASDAQ Rising Dividend Achievers

Financial Partners Group Inc has raised its investment in the First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 4.1% during the fourth quarter, based on the latest Form 13F filing submitted to the SEC. As a result of this increase, the institutional investor now holds 487,911 shares after acquiring an additional 19,369 shares throughout the quarter.

This investment represents approximately 4.2% of Financial Partners Group Inc's overall investment portfolio, making RDVY its fourth largest holding. By the end of the recent reporting period, the value of its stake in the First Trust NASDAQ Rising Dividend Achievers was around $28,855,000, equating to about 0.23% of the total company shares.

Several other hedge funds have also adjusted their positions in RDVY. GPS Wealth Strategies Group LLC saw a significant increase, growing its position by 93.4% in the fourth quarter. After acquiring an extra 52,122 shares, GPS Wealth now owns 107,939 shares valued at $6,384,000.

In addition, Avantra Family Wealth Inc. established a new position in the First Trust NASDAQ Rising Dividend Achievers fund, worth approximately $240,000 during the fourth quarter. Spire Wealth Management also raised its stake by 4.0%, bringing its total to 87,530 shares valued at $5,177,000 following the purchase of 3,387 additional shares.

DAVENPORT & Co LLC increased its holdings by an impressive 94.8%, owning 98,619 shares valued at $5,832,000 after acquiring an additional 48,006 shares. Furthermore, ODonnell Financial Services LLC raised its position by 9.7%, now holding 153,148 shares worth about $9,042,000 after purchasing 13,505 shares in the most recent quarter.

RDVY Stock Performance Update

The RDVY stock opened at $62.54 on Monday, holding a market capitalization of $13.62 billion. It currently has a P/E ratio of 10.08 and a beta of 1.15. Over the past year, RDVY has experienced a low of $50.24 and a high of $64.63. Additionally, the fifty-day simple moving average stands at $61.48, while the 200-day simple moving average is $59.62.

Dividend Announcement

The company recently declared a dividend, which was paid to shareholders on December 31st. Those who were stockholders of record on December 13th received a dividend payment of $0.2956, with the ex-dividend date falling on the same day.

Overview of First Trust NASDAQ Rising Dividend Achievers

The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund designed to track the NASDAQ US Rising Dividend Achievers index. This fund focuses on 50 large-cap companies recognized for consistently increasing their dividends. Launched on January 6, 2014, RDVY is managed by First Trust.

Financial, Investment, ETFs