Wedbush Securities Inc. Lowers Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Wedbush Securities Inc. reduced its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 90,472 shares of the company’s stock after selling 2,010 shares during the period. Wedbush Securities Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $5,351,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of RDVY. Cullen Frost Bankers Inc. purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at approximately $25,000. Graney & King LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $27,000. Sound Income Strategies LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at $40,000. Sugarloaf Wealth Management LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth about $40,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 169.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 901 shares of the company’s stock worth $53,000 after acquiring an additional 566 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Down 5.7 %

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $52.72 on Friday. The firm has a market cap of $12.04 billion, a PE ratio of 14.89 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $52.59 and a twelve month high of $64.63. The business has a 50-day moving average price of $60.44 and a 200 day moving average price of $60.65.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.2544 dividend. The ex-dividend date of this dividend was 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 dividend on an annualized basis and a dividend yield of 1.93%.

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.