First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Stock Holdings Lowered by Avior Wealth Management LLC

Avior Wealth Management LLC cut its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,995 shares of the company’s stock after selling 868 shares during the quarter. Avior Wealth Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,188,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RDVY. Ergawealth Advisors Inc. increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 18.3% in the fourth quarter. Ergawealth Advisors Inc. now owns 219,104 shares of the company’s stock valued at $11,321,000 after purchasing an additional 33,833 shares during the period. Dakota Wealth Management acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at approximately $3,147,000. Grove Bank & Trust bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $42,000. Root Financial Partners LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 3.2% during the 4th quarter. Root Financial Partners LLC now owns 30,059 shares of the company’s stock worth $1,553,000 after acquiring an additional 920 shares during the period. Finally, DHJJ Financial Advisors Ltd. boosted its position in First Trust NASDAQ Rising Dividend Achievers by 67.9% during the 4th quarter. DHJJ Financial Advisors Ltd. now owns 9,540 shares of the company’s stock worth $493,000 after acquiring an additional 3,857 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY opened at $53.63 on Wednesday. First Trust NASDAQ Rising Dividend Achievers has a one year low of $42.42 and a one year high of $56.28. The stock’s fifty day moving average is $53.75 and its 200-day moving average is $50.32. The firm has a market capitalization of $10.05 billion, a price-to-earnings ratio of 9.85 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were given a $0.2238 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.90 dividend on an annualized basis and a yield of 1.67%.

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.