First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Position Decreased by Lincoln National Corp

Lincoln National Corp reduced its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 36.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,038 shares of the company’s stock after selling 33,119 shares during the quarter. Lincoln National Corp’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,999,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at $25,000. Hazlett Burt & Watson Inc. raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 87.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 478 shares of the company’s stock worth $25,000 after purchasing an additional 223 shares during the period. PFG Private Wealth Management LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $26,000. Arlington Trust Co LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $29,000. Finally, Grove Bank & Trust purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth about $42,000.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.2 %

RDVY stock traded up $0.10 during mid-day trading on Tuesday, reaching $54.83. 701,475 shares of the stock traded hands, compared to its average volume of 784,777. The company has a market cap of $10.38 billion, a P/E ratio of 9.78 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $42.93 and a 52-week high of $56.28. The stock’s fifty day moving average is $54.37 and its 200-day moving average is $51.14.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.2238 per share. This represents a $0.90 annualized dividend and a yield of 1.63%. The ex-dividend date was Thursday, March 21st.

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.