Cottonwood Capital Advisors LLC Sells 4,639 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Cottonwood Capital Advisors LLC reduced its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,004 shares of the company's stock after selling 4,639 shares during the period. First Trust NASDAQ Rising Dividend Achievers comprises approximately 4.2% of Cottonwood Capital Advisors LLC's portfolio, making the stock its 4th largest position. Cottonwood Capital Advisors LLC's holdings in First Trust NASDAQ Rising Dividend Achievers were worth $5,796,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 5,796.9% in the 3rd quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company's stock valued at $402,823,000 after buying an additional 6,687,924 shares in the last quarter. LPL Financial LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% during the third quarter. LPL Financial LLC now owns 20,326,430 shares of the company's stock worth $1,203,528,000 after purchasing an additional 953,708 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 135.8% during the third quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company's stock worth $66,838,000 after purchasing an additional 650,194 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company's stock valued at $309,720,000 after purchasing an additional 596,099 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 47.3% in the 3rd quarter. HighTower Advisors LLC now owns 1,267,282 shares of the company's stock valued at $75,007,000 after purchasing an additional 406,747 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.6 %

RDVY traded down $0.36 during trading on Friday, hitting $62.52. 856,319 shares of the stock were exchanged, compared to its average volume of 948,075. The stock has a fifty day moving average price of $61.46 and a two-hundred day moving average price of $59.40. The firm has a market capitalization of $13.55 billion, a P/E 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.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.2956 per share. 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.