Iams Wealth Management LLC Cuts Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Iams Wealth Management LLC cut its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 23.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,862 shares of the company’s stock after selling 1,161 shares during the period. Iams Wealth Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sugarloaf Wealth Management LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $40,000. Sound Income Strategies LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at approximately $40,000. Eastern Bank purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at approximately $57,000. Blue Trust Inc. boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during the fourth quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock worth $72,000 after purchasing an additional 1,179 shares during the last quarter. Finally, Crewe Advisors LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% during the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock worth $97,000 after purchasing an additional 182 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of NASDAQ RDVY opened at $62.72 on Thursday. The firm has a market cap of $13.64 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $50.24 and a 1 year high of $64.63. The stock’s 50-day simple moving average is $61.49 and its 200-day simple moving average is $59.53.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.2956 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.