Regatta Capital Group LLC Sells 406 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Regatta Capital Group LLC cut its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 1.8% during the fourth quarter, Holdings Channel reports. The firm owned 22,289 shares of the company’s stock after selling 406 shares during the quarter. Regatta Capital Group LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,318,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RDVY. Sugarloaf Wealth Management LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth $40,000. Sound Income Strategies LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $40,000. Eastern Bank purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth $57,000. Crewe Advisors LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% during the 3rd 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. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the third quarter worth about $104,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ RDVY opened at $62.52 on Friday. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $50.24 and a 1-year high of $64.63. The business has a 50 day simple moving average of $61.46 and a two-hundred day simple moving average of $59.40. The stock has a market capitalization of $13.55 billion, a PE ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.2956 dividend. The ex-dividend date of this dividend 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.