U.S. Capital Wealth Advisors LLC Sells 656 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

U.S. Capital Wealth Advisors LLC lowered its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,618 shares of the company’s stock after selling 656 shares during the period. U.S. Capital Wealth Advisors LLC owned about 0.10% of First Trust NASDAQ Rising Dividend Achievers worth $9,333,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bellevue Asset Management LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 46.3% in 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 period. Solano Wealth Management Inc. boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 3.2% in the 4th quarter. Solano Wealth Management Inc. now owns 328,735 shares of the company’s stock valued at $16,986,000 after buying an additional 10,208 shares in the last quarter. SRS Capital Advisors Inc. grew its position in First Trust NASDAQ Rising Dividend Achievers by 2.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 247,327 shares of the company’s stock valued at $12,779,000 after acquiring an additional 6,798 shares during the period. Commonwealth Equity Services LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers by 30.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 3,989,267 shares of the company’s stock worth $206,125,000 after acquiring an additional 933,923 shares in the last quarter. Finally, Fisher Asset Management LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $274,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of NASDAQ:RDVY traded up $0.47 on Friday, hitting $54.19. The stock had a trading volume of 634,652 shares, compared to its average volume of 786,011. The company has a market capitalization of $10.26 billion, a price-to-earnings ratio of 9.78 and a beta of 1.15. The firm’s 50 day moving average price is $54.32 and its 200-day moving average price is $51.04. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $42.42 and a twelve month high of $56.28.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were paid a $0.2238 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Thursday, March 21st.

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.