NewEdge Wealth LLC Sells 13,678 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

NewEdge Wealth LLC trimmed its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 22.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,893 shares of the company’s stock after selling 13,678 shares during the quarter. NewEdge Wealth LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,773,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. MBE Wealth Management LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.2% during the fourth quarter. MBE Wealth Management LLC now owns 4,057 shares of the company’s stock valued at $240,000 after buying an additional 163 shares during the period. Trueblood Wealth Management LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 1.4% during the fourth quarter. Trueblood Wealth Management LLC now owns 12,233 shares of the company’s stock valued at $723,000 after buying an additional 167 shares during the period. Financial Services Advisory Inc grew its stake in First Trust NASDAQ Rising Dividend Achievers by 1.2% in the third quarter. Financial Services Advisory Inc now owns 14,883 shares of the company’s stock valued at $881,000 after purchasing an additional 170 shares during the last quarter. Pacific Sun Financial Corp grew its stake in First Trust NASDAQ Rising Dividend Achievers by 2.9% in the fourth quarter. Pacific Sun Financial Corp now owns 6,090 shares of the company’s stock valued at $360,000 after purchasing an additional 170 shares during the last quarter. Finally, Crewe Advisors LLC grew its stake in First Trust NASDAQ Rising Dividend Achievers by 12.5% in the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock valued at $97,000 after purchasing an additional 182 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

RDVY opened at $61.47 on Friday. The business’s 50-day moving average is $61.39 and its two-hundred day moving average is $60.40. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $52.59 and a 1 year high of $64.63. The firm has a market capitalization of $13.41 billion, a PE ratio of 14.00 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.2956 dividend. 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.