First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Stock Position Trimmed by FSB Premier Wealth Management Inc.

FSB Premier Wealth Management Inc. trimmed its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,450 shares of the company’s stock after selling 1,126 shares during the period. FSB Premier Wealth Management Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,032,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth approximately $25,000. Graney & King LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $27,000. Sugarloaf Wealth Management LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth $40,000. Sound Income Strategies LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth $40,000. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 169.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 901 shares of the company’s stock valued at $53,000 after purchasing an additional 566 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Down 2.0 %

RDVY stock opened at $58.03 on Monday. The company has a market capitalization of $12.66 billion, a P/E ratio of 14.89 and a beta of 1.15. The company has a 50-day simple moving average of $60.99 and a 200 day simple moving average of $60.70. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $52.78 and a fifty-two week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be issued a $0.2544 dividend. The ex-dividend date is Thursday, March 27th. This is a boost from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19. This represents a $1.02 annualized dividend and a dividend yield of 1.75%.

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.