Lincoln National Corp trimmed its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY – Free Report) by 36.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,038 shares of the company’s stock after selling 33,119 shares during the period. Lincoln National Corp’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,999,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in RDVY. Park Avenue Securities LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the third quarter worth about $594,000. Sanchez Wealth Management Group lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 1.0% in the 3rd quarter. Sanchez Wealth Management Group now owns 316,390 shares of the company’s stock valued at $14,538,000 after purchasing an additional 3,226 shares during the last quarter. Financial Advocates Investment Management boosted its position in First Trust NASDAQ Rising Dividend Achievers by 5.2% in the third quarter. Financial Advocates Investment Management now owns 195,712 shares of the company’s stock valued at $8,993,000 after buying an additional 9,693 shares in the last quarter. Assetmark Inc. grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 74.4% during the third quarter. Assetmark Inc. now owns 44,047 shares of the company’s stock worth $2,024,000 after buying an additional 18,784 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 19.5% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 59,150 shares of the company’s stock worth $2,718,000 after buying an additional 9,650 shares in the last quarter.
First Trust NASDAQ Rising Dividend Achievers Price Performance
Shares of NASDAQ RDVY traded up $0.10 during mid-day trading on Tuesday, hitting $54.83. 701,475 shares of the stock traded hands, compared to its average volume of 784,777. The company has a market cap of $10.38 billion, a PE ratio of 9.78 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $42.93 and a twelve month high of $56.28. The firm has a 50 day simple moving average of $54.37 and a two-hundred day simple moving average of $51.14.
First Trust NASDAQ Rising Dividend Achievers Cuts Dividend
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.
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