Old Port Advisors Reduces Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Old Port Advisors cut its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 19.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,478 shares of the company’s stock after selling 1,526 shares during the period. Old Port Advisors’ holdings in First Trust NASDAQ Rising Dividend Achievers were worth $364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Pinnacle Financial Partners Inc purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth approximately $402,000. First Citizens Bank & Trust Co. purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth approximately $264,000. DAVENPORT & Co LLC grew its position in First Trust NASDAQ Rising Dividend Achievers by 4.4% in the fourth quarter. DAVENPORT & Co LLC now owns 6,761 shares of the company’s stock worth $349,000 after acquiring an additional 286 shares during the period. Farmers & Merchants Investments Inc. purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth approximately $25,000. Finally, Comprehensive Financial Consultants Institutional Inc. grew its position in First Trust NASDAQ Rising Dividend Achievers by 2.0% in the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 15,496 shares of the company’s stock worth $801,000 after acquiring an additional 300 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY traded down $1.75 during midday trading on Friday, hitting $55.06. 1,345,646 shares of the stock were exchanged, compared to its average volume of 745,661. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $43.30 and a 52-week high of $59.07. The stock has a fifty day simple moving average of $55.55 and a 200 day simple moving average of $54.27. The firm has a market cap of $10.96 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a dividend of $0.2616 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.05 annualized dividend and a dividend yield of 1.90%.

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.