Root Financial Partners LLC Decreases Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Root Financial Partners LLC decreased its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 8.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 26,603 shares of the company’s stock after selling 2,413 shares during the period. Root Financial Partners LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,573,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Spectrum Wealth Advisory Group LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter valued at $12,392,000. D.A. Davidson & CO. raised its stake in First Trust NASDAQ Rising Dividend Achievers by 4.5% in the 3rd quarter. D.A. Davidson & CO. now owns 674,180 shares of the company’s stock valued at $39,918,000 after acquiring an additional 29,294 shares during the period. Claro Advisors LLC lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 29.3% during the third quarter. Claro Advisors LLC now owns 62,771 shares of the company’s stock valued at $3,717,000 after purchasing an additional 14,235 shares during the last quarter. Elios Financial Group Inc. bought a new position in First Trust NASDAQ Rising Dividend Achievers during the third quarter worth about $6,731,000. Finally, ORG Partners LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 259.3% in the fourth quarter. ORG Partners LLC now owns 202,120 shares of the company’s stock worth $11,953,000 after purchasing an additional 145,866 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Up 1.1 %

NASDAQ RDVY opened at $62.25 on Friday. The firm has a market cap of $13.58 billion, a P/E ratio of 10.08 and a beta of 1.15. The company’s 50 day moving average is $61.21 and its 200-day moving average is $59.90. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $50.73 and a 12-month high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.2956 per share. The ex-dividend date was Friday, December 13th.

First Trust NASDAQ Rising Dividend Achievers Company 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.