ORBA Wealth Advisors L.L.C. Lowers Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

ORBA Wealth Advisors L.L.C. decreased its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,681 shares of the company's stock after selling 5,983 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers accounts for about 2.5% of ORBA Wealth Advisors L.L.C.'s holdings, making the stock its 11th biggest holding. ORBA Wealth Advisors L.L.C.'s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $4,712,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth approximately $40,000. Sound Income Strategies LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth approximately $40,000. Eastern Bank acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth approximately $57,000. Blue Trust Inc. raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during the fourth 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 raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 12.5% during the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company's stock worth $97,000 after purchasing an additional 182 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

RDVY stock traded up $0.65 during midday trading on Friday, reaching $61.47. 867,618 shares of the company were exchanged, compared to its average volume of 979,847. The company has a market cap of $13.41 billion, a price-to-earnings ratio of 14.00 and a beta of 1.15. The stock's 50-day simple moving average is $61.39 and its 200 day simple moving average is $60.40. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $52.59 and a 1-year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders 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 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.