IFP Advisors Inc Sells 22,838 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

IFP Advisors Inc cut its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 23.5% in the 4th quarter, HoldingsChannel reports. The fund owned 74,335 shares of the company’s stock after selling 22,838 shares during the period. IFP Advisors Inc’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $4,396,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in RDVY. Sound Income Strategies LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth $40,000. Sugarloaf Wealth Management LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth about $40,000. Eastern Bank purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $57,000. Blue Trust Inc. lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during the 4th quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock worth $72,000 after buying an additional 1,179 shares in the last quarter. Finally, Crewe Advisors LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% in the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock valued at $97,000 after acquiring an additional 182 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.2 %

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $61.36 on Tuesday. The business’s fifty day simple moving average is $61.24 and its 200 day simple moving average is $60.26. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $52.26 and a 12 month high of $64.63. The firm has a market capitalization of $13.39 billion, a P/E ratio of 14.00 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.2956 per share. 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.