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

Financial Partners Group Inc has raised its stake in the First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 4.1% during the fourth quarter, as reported in its latest Form 13F filing with the SEC. The institutional investor now holds 487,911 shares of the stock after acquiring an additional 19,369 shares during this period.

First Trust NASDAQ Rising Dividend Achievers constitutes approximately 4.2% of Financial Partners Group Inc's investment portfolio, making it the fourth largest holding for the firm. At the conclusion of the recent reporting period, the institutional investor owned about 0.23% of the First Trust NASDAQ Rising Dividend Achievers, valued at $28,855,000.

Other hedge funds have also been active in buying and selling shares of the company. GPS Wealth Strategies Group LLC significantly increased its position in First Trust NASDAQ Rising Dividend Achievers by 93.4% during the fourth quarter. The firm now owns 107,939 shares valued at $6,384,000 after purchasing an additional 52,122 shares during this period.

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

DAVENPORT & Co LLC made a significant move as well, increasing its holdings in First Trust NASDAQ Rising Dividend Achievers by 94.8%, resulting in ownership of 98,619 shares valued at $5,832,000 after buying 48,006 additional shares. Lastly, ODonnell Financial Services LLC increased its position by 9.7%, now owning 153,148 shares worth $9,042,000 after acquiring 13,505 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Performance

As of Monday, shares of RDVY opened at $62.54. The stock boasts a market capitalization of $13.62 billion, a price-to-earnings (P/E) ratio of 10.08, and a beta of 1.15. Over the past year, the stock has reached a low of $50.24 and a high of $64.63, with its fifty-day simple moving average at $61.48 and its 200-day simple moving average at $59.62.

Dividend Declaration

The company recently announced a dividend distribution, which was paid on December 31st. Shareholders of record on December 13th received a dividend of $0.2956, with the ex-dividend date also being set for December 13th.

About First Trust NASDAQ Rising Dividend Achievers

The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that tracks the NASDAQ US Rising Dividend Achievers index. This index includes 50 large-cap stocks characterized by rising, high-quality dividends. The fund was launched on January 6, 2014, and is managed by First Trust.

Additional Insights

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