Key Client Fiduciary Advisors LLC Sells 6,636 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Key Client Fiduciary Advisors LLC reduced its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 294,350 shares of the company's stock after selling 6,636 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for approximately 7.7% of Key Client Fiduciary Advisors LLC's investment portfolio, making the stock its biggest holding. Key Client Fiduciary Advisors LLC owned approximately 0.14% of First Trust NASDAQ Rising Dividend Achievers worth $17,408,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Spectrum Wealth Advisory Group LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter valued at $12,392,000. D.A. Davidson & CO. raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.5% in the 3rd quarter. D.A. Davidson & CO. now owns 674,180 shares of the company's stock worth $39,918,000 after acquiring an additional 29,294 shares during the last quarter. Claro Advisors LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 29.3% in the third quarter. Claro Advisors LLC now owns 62,771 shares of the company's stock worth $3,717,000 after purchasing an additional 14,235 shares during the last quarter. Elios Financial Group Inc. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter worth $6,731,000. Finally, ORG Partners LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers by 259.3% in the 4th quarter. ORG Partners LLC now owns 202,120 shares of the company's stock valued at $11,953,000 after buying an additional 145,866 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of NASDAQ RDVY traded down $0.36 during midday trading on Friday, reaching $62.52. The company's stock had a trading volume of 856,319 shares, compared to its average volume of 948,075. The stock has a market capitalization of $13.52 billion, a P/E ratio of 10.08 and a beta of 1.15. The firm has a 50 day moving average price of $61.46 and a 200-day moving average price of $59.37. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $50.24 and a 12-month high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.2956 dividend. The ex-dividend date of this dividend was Friday, December 13th.

About First Trust NASDAQ Rising Dividend Achievers

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.