Shelton Wealth Management LLC Trims Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Shelton Wealth Management LLC lessened its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 12.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 64,281 shares of the company’s stock after selling 8,743 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers makes up about 2.0% of Shelton Wealth Management LLC’s investment portfolio, making the stock its 13th largest holding. Shelton Wealth Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,802,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 5,796.9% in the 3rd quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock worth $402,823,000 after purchasing an additional 6,687,924 shares in the last quarter. LPL Financial LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% during the third quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock valued at $1,203,528,000 after acquiring an additional 953,708 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 135.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company’s stock valued at $66,838,000 after acquiring an additional 650,194 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock valued at $309,720,000 after buying an additional 596,099 shares during the period. Finally, HighTower Advisors LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 47.3% during the 3rd quarter. HighTower Advisors LLC now owns 1,267,282 shares of the company’s stock worth $75,007,000 after acquiring an additional 406,747 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.5 %

NASDAQ RDVY opened at $62.18 on Friday. The company has a market capitalization of $13.39 billion, a P/E ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $49.60 and a 52 week high of $64.63. The stock’s 50-day moving average price is $61.47 and its 200-day moving average price is $59.10.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

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.