Envestnet Asset Management Inc. Decreases Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Envestnet Asset Management Inc. cut its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 5.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,086,696 shares of the company's stock after selling 178,574 shares during the period. Envestnet Asset Management Inc. owned about 1.41% of First Trust NASDAQ Rising Dividend Achievers worth $182,547,000 at the end of the most recent quarter.

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

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY traded up $0.90 during trading hours on Friday, hitting $54.96. 1,194,206 shares of the stock were exchanged, compared to its average volume of 821,590. The stock's 50-day moving average price is $59.20 and its two-hundred day moving average price is $60.41. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $50.27 and a 12-month high of $64.63. The company has a market cap of $12.61 billion, a price-to-earnings ratio of 14.89 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a dividend of $0.2544 per share. This is a positive change from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 27th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.85%.

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.