Scarborough Advisors LLC lessened its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 17.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 222,855 shares of the company's stock after selling 47,299 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for 1.9% of Scarborough Advisors LLC's holdings, making the stock its 17th biggest position. Scarborough Advisors LLC owned about 0.10% of First Trust NASDAQ Rising Dividend Achievers worth $13,180,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RDVY. Sugarloaf Wealth Management LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth approximately $40,000. Sound Income Strategies LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $40,000. Eastern Bank acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $57,000. Blue Trust Inc. increased its position in First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during the 4th quarter. Blue Trust Inc. now owns 1,221 shares of the company's stock worth $72,000 after buying an additional 1,179 shares during the period. Finally, Crewe Advisors LLC lifted its holdings in shares of 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 buying an additional 182 shares in the last quarter.
First Trust NASDAQ Rising Dividend Achievers Stock Performance
Shares of RDVY stock traded up $0.01 on Wednesday, hitting $63.26. The company's stock had a trading volume of 447,353 shares, compared to its average volume of 984,602. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $51.50 and a fifty-two week high of $64.63. The company has a market capitalization of $13.80 billion, a PE ratio of 10.08 and a beta of 1.15. The stock's 50 day moving average is $61.19 and its 200-day moving average is $60.02.
First Trust NASDAQ Rising Dividend Achievers Cuts Dividend
The firm also recently announced 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.
About First Trust NASDAQ Rising Dividend Achievers
(
Free Report)
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.
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