First Horizon Advisors Inc. Reduces Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

First Horizon Advisors Inc. lowered its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 11.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 163,140 shares of the company’s stock after selling 20,996 shares during the period. First Horizon Advisors Inc. owned 0.07% of First Trust NASDAQ Rising Dividend Achievers worth $9,648,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently 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 about $40,000. Sound Income Strategies LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $40,000. Eastern Bank purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $57,000. Blue Trust Inc. lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 2,807.1% in the 4th quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock worth $72,000 after purchasing an additional 1,179 shares in the last quarter. Finally, 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 worth $97,000 after purchasing an additional 182 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ:RDVY opened at $61.25 on Friday. First Trust NASDAQ Rising Dividend Achievers has a one year low of $51.90 and a one year high of $64.63. The stock has a market cap of $13.65 billion, a PE ratio of 14.00 and a beta of 1.13. The stock has a 50 day moving average price of $61.24 and a 200 day moving average price of $60.17.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.2956 dividend. The ex-dividend date 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.