MTM Investment Management LLC Sells 250 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

MTM Investment Management LLC trimmed its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,234 shares of the company’s stock after selling 250 shares during the period. MTM Investment Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,025,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in RDVY. Sound Income Strategies LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $40,000. Sugarloaf Wealth Management LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at about $40,000. Eastern Bank purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth about $57,000. Blue Trust Inc. grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during the 4th quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock valued at $72,000 after buying an additional 1,179 shares in the last quarter. Finally, Crewe Advisors LLC raised 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 worth $97,000 after acquiring an additional 182 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of RDVY opened at $61.58 on Thursday. The stock has a market capitalization of $13.43 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $50.24 and a 1 year high of $64.63. The business’s 50 day simple moving average is $61.24 and its 200-day simple moving average is $59.89.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

First Trust NASDAQ Rising Dividend Achievers 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.