Sanctuary Advisors LLC Trims Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Sanctuary Advisors LLC trimmed its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,805 shares of the company's stock after selling 10,674 shares during the period. Sanctuary Advisors LLC owned approximately 0.10% of First Trust NASDAQ Rising Dividend Achievers worth $13,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of RDVY. MBE Wealth Management LLC raised its position in First Trust NASDAQ Rising Dividend Achievers by 4.2% during the fourth quarter. MBE Wealth Management LLC now owns 4,057 shares of the company's stock valued at $240,000 after purchasing an additional 163 shares during the period. Trueblood Wealth Management LLC raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 1.4% during the 4th quarter. Trueblood Wealth Management LLC now owns 12,233 shares of the company's stock valued at $723,000 after buying an additional 167 shares during the period. Financial Services Advisory Inc lifted its position in First Trust NASDAQ Rising Dividend Achievers by 1.2% in the third quarter. Financial Services Advisory Inc now owns 14,883 shares of the company's stock worth $881,000 after buying an additional 170 shares during the last quarter. Crewe Advisors LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 12.5% in the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company's stock worth $97,000 after buying an additional 182 shares during the last quarter. Finally, L & S Advisors Inc boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 1.0% during the third quarter. L & S Advisors Inc now owns 19,350 shares of the company's stock worth $1,146,000 after buying an additional 197 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of RDVY traded down $1.56 during midday trading on Friday, hitting $61.25. The stock had a trading volume of 711,388 shares, compared to its average volume of 995,932. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $51.90 and a 1 year high of $64.63. The firm has a market cap of $13.65 billion, a PE ratio of 14.00 and a beta of 1.13. The stock's 50 day moving average is $61.24 and its 200 day moving average is $60.17.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.2956 dividend. The ex-dividend date was Friday, December 13th.

First Trust NASDAQ Rising Dividend Achievers Company 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.