Gateway Wealth Partners LLC Has $3.19 Million Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Gateway Wealth Partners LLC decreased its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 25.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,943 shares of the company's stock after selling 18,221 shares during the period. Gateway Wealth Partners LLC's holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,190,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $40,000. Sugarloaf Wealth Management LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth about $40,000. Eastern Bank bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth about $57,000. Blue Trust Inc. increased its holdings in shares of 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 valued at $72,000 after acquiring an additional 1,179 shares during the last quarter. Finally, Crewe Advisors LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% in the 3rd quarter. Crewe Advisors LLC now owns 1,635 shares of the company's stock valued at $97,000 after acquiring an additional 182 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Down 1.1 %

First Trust NASDAQ Rising Dividend Achievers stock traded down $0.69 during trading hours on Friday, reaching $62.54. 1,383,180 shares of the company were exchanged, compared to its average volume of 978,104. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $50.24 and a 12 month high of $64.63. The stock has a 50-day moving average of $61.50 and a 200 day moving average of $59.57. The firm has a market cap of $13.60 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.2956 dividend. 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.