Platform Technology Partners Increases Investment in First Trust NASDAQ Rising Dividend Achievers

Platform Technology Partners has significantly increased its investment in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 26.6% during the fourth quarter, as revealed in the company’s latest filing with the Securities and Exchange Commission (SEC). After the acquisition of an additional 4,112 shares in the quarter, the fund now holds 19,578 shares of the stock, which had an estimated value of $1,158,000 at the close of the reporting period.

Several other hedge funds have also recently adjusted their stakes in First Trust NASDAQ Rising Dividend Achievers. For instance, Spectrum Wealth Advisory Group LLC established a new position in the fund during the third quarter, investing approximately $12,392,000. Meanwhile, D.A. Davidson & CO. increased its investment in the stock by 4.5% during the same period, owning 674,180 shares valued at $39,918,000, after acquiring an additional 29,294 shares. Claro Advisors LLC grew its holdings by 29.3% in the third quarter, now owning 62,771 shares worth $3,717,000 following an addition of 14,235 shares. Elios Financial Group Inc. also bought a new stake in RDVY, valued at around $6,731,000.

ORG Partners LLC made a substantial increase in its position during the fourth quarter, raising its stake by 259.3% to own 202,120 shares, which amounts to $11,953,000 after acquiring 145,866 additional shares.

Stock Performance of First Trust NASDAQ Rising Dividend Achievers

As of Friday, the shares of NASDAQ:RDVY opened at $62.09. The company has a market capitalization of $13.54 billion and a price-to-earnings (PE) ratio of 10.08, with a beta value of 1.15. The 50-day moving average of the stock is $61.35, while the 200-day moving average stands at $59.75. Throughout the past year, the stock hit a low of $50.24 and a high of $64.63.

Dividend Information

Recently, the firm announced a dividend that was paid on December 31. Shareholders on record by December 13 received a dividend amounting to $0.2956, with the ex-dividend date also falling on December 13.

About First Trust NASDAQ Rising Dividend Achievers

The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund based on the NASDAQ US Rising Dividend Achievers Index. This fund focuses on 50 large-cap stocks characterized by high-quality and increasing dividends. Launched on January 6, 2014, it is managed by First Trust.

In Conclusion

With the recent movements in investments, it’s clear that First Trust NASDAQ Rising Dividend Achievers continues to attract attention from various investment firms, indicating a sustained interest in its financial performance and growth potential.

investment, stocks, dividend