IHT Wealth Management LLC reduced its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 235,786 shares of the company's stock after selling 11,791 shares during the quarter. IHT Wealth Management LLC owned about 0.11% of First Trust NASDAQ Rising Dividend Achievers worth $13,944,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RDVY. Cullen Frost Bankers Inc. bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth $25,000. Summit Investment Advisors Inc. boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 195.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 443 shares of the company's stock valued at $26,000 after purchasing an additional 293 shares during the period. Graney & King LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth approximately $27,000. Sound Income Strategies LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth $40,000. Finally, Sugarloaf Wealth Management LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $40,000.
First Trust NASDAQ Rising Dividend Achievers Trading Up 1.4 %
Shares of RDVY traded up $0.80 during midday trading on Wednesday, reaching $55.84. 1,271,846 shares of the stock were exchanged, compared to its average volume of 831,955. The company's 50 day moving average is $58.00 and its two-hundred day moving average is $60.18. The company has a market capitalization of $12.91 billion, a P/E ratio of 13.97 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $50.27 and a 52 week high of $64.63.
First Trust NASDAQ Rising Dividend Achievers Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.2544 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.02 annualized dividend and a dividend yield of 1.82%. This is a positive change from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19.
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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