Goldstein Advisors LLC Sells 447,266 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Goldstein Advisors LLC lessened its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 98.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,395 shares of the company's stock after selling 447,266 shares during the quarter. Goldstein Advisors LLC's holdings in First Trust NASDAQ Rising Dividend Achievers were worth $434,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in RDVY. LPL Financial LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers by 4.5% in the 3rd quarter. LPL Financial LLC now owns 16,132,424 shares of the company's stock worth $741,285,000 after buying an additional 689,605 shares during the period. Morgan Stanley increased its stake in First Trust NASDAQ Rising Dividend Achievers by 8.1% in the 3rd quarter. Morgan Stanley now owns 12,995,589 shares of the company's stock worth $597,147,000 after buying an additional 969,819 shares during the period. Wells Fargo & Company MN increased its stake in First Trust NASDAQ Rising Dividend Achievers by 1.0% in the 4th quarter. Wells Fargo & Company MN now owns 7,955,014 shares of the company's stock worth $411,036,000 after buying an additional 79,637 shares during the period. International Assets Investment Management LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers by 5,519.6% in the 4th quarter. International Assets Investment Management LLC now owns 6,615,517 shares of the company's stock worth $341,824,000 after buying an additional 6,497,795 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in First Trust NASDAQ Rising Dividend Achievers by 10.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,803,282 shares of the company's stock worth $299,856,000 after buying an additional 557,879 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Up 1.4 %

RDVY stock traded up $0.77 during trading on Friday, hitting $55.25. The company had a trading volume of 431,227 shares, compared to its average volume of 752,733. The firm has a market capitalization of $10.46 billion, a P/E ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $43.30 and a 52-week high of $56.28. The company has a 50 day simple moving average of $54.78 and a 200-day simple moving average of $52.35.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were issued a $0.2238 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.62%.

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.

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