RFG Advisory LLC Sells 5,933 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

RFG Advisory LLC trimmed its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 7.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 78,450 shares of the company's stock after selling 5,933 shares during the quarter. RFG Advisory LLC's holdings in First Trust NASDAQ Rising Dividend Achievers were worth $4,640,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sugarloaf Wealth Management LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $40,000. Eastern Bank acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth about $57,000. Crewe Advisors LLC raised 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 valued at $97,000 after acquiring an additional 182 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter worth approximately $104,000. Finally, Venturi Wealth Management LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter worth approximately $105,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY stock traded down $0.38 on Friday, reaching $62.51. 748,797 shares of the company's stock traded hands, compared to its average volume of 939,239. The company has a market capitalization of $13.52 billion, a P/E ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $50.24 and a 12-month high of $64.63. The business's 50 day moving average price is $61.44 and its two-hundred day moving average price is $59.29.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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