CIBC Private Wealth Group LLC Sells 704 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

CIBC Private Wealth Group LLC lowered its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 13.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,622 shares of the company’s stock after selling 704 shares during the period. CIBC Private Wealth Group LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. ORG Partners LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 259.3% in the 4th quarter. ORG Partners LLC now owns 202,120 shares of the company’s stock valued at $11,953,000 after acquiring an additional 145,866 shares during the last quarter. SMART Wealth LLC lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 21.4% in the third quarter. SMART Wealth LLC now owns 95,355 shares of the company’s stock worth $5,646,000 after buying an additional 16,777 shares in the last quarter. Captrust Financial Advisors purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the third quarter worth about $247,000. Next Level Private LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 6.2% during the fourth quarter. Next Level Private LLC now owns 262,333 shares of the company’s stock valued at $15,514,000 after buying an additional 15,253 shares during the last quarter. Finally, Aspire Capital Advisors LLC grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 3.7% during the 4th quarter. Aspire Capital Advisors LLC now owns 213,876 shares of the company’s stock valued at $12,649,000 after buying an additional 7,558 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY opened at $52.72 on Friday. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $52.59 and a fifty-two week high of $64.63. The company’s fifty day moving average is $60.44 and its 200 day moving average is $60.67. The stock has a market capitalization of $12.04 billion, a PE ratio of 14.89 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a dividend of $0.2544 per share. This is a boost from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19. This represents a $1.02 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Thursday, March 27th.

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.