N.E.W. Advisory Services LLC Lowers Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

N.E.W. Advisory Services LLC decreased its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 70.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 16,005 shares of the company’s stock after selling 38,819 shares during the quarter. N.E.W. Advisory Services LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $827,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 10.7% in the 4th quarter. Private Advisor Group LLC now owns 1,412,744 shares of the company’s stock worth $72,996,000 after purchasing an additional 137,015 shares during the period. Avidian Wealth Solutions LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 1.2% in the 4th quarter. Avidian Wealth Solutions LLC now owns 116,275 shares of the company’s stock valued at $6,008,000 after acquiring an additional 1,384 shares during the last quarter. Axxcess Wealth Management LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 11.2% in the 4th quarter. Axxcess Wealth Management LLC now owns 64,514 shares of the company’s stock worth $3,333,000 after purchasing an additional 6,497 shares in the last quarter. Bellevue Asset Management LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 46.3% during the 4th quarter. Bellevue Asset Management LLC now owns 123,213 shares of the company’s stock valued at $6,366,000 after purchasing an additional 38,971 shares during the last quarter. Finally, Solano Wealth Management Inc. grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 3.2% during the fourth quarter. Solano Wealth Management Inc. now owns 328,735 shares of the company’s stock valued at $16,986,000 after purchasing an additional 10,208 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Up 1.0 %

Shares of NASDAQ:RDVY traded up $0.54 during mid-day trading on Monday, reaching $54.73. The stock had a trading volume of 762,077 shares, compared to its average volume of 785,735. The company has a market cap of $10.36 billion, a P/E ratio of 9.78 and a beta of 1.15. The business’s 50 day moving average price is $54.37 and its 200 day moving average price is $51.14. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $42.93 and a 1 year high of $56.28.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were issued a dividend of $0.2238 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.64%.

About First Trust NASDAQ Rising Dividend Achievers

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.