Secure Asset Management LLC Sells 26,907 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Secure Asset Management LLC reduced its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 72.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,097 shares of the company's stock after selling 26,907 shares during the period. Secure Asset Management LLC's holdings in First Trust NASDAQ Rising Dividend Achievers were worth $597,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in RDVY. LPL Financial LLC raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.9% in the 3rd quarter. LPL Financial LLC now owns 20,326,430 shares of the company's stock worth $1,203,528,000 after acquiring an additional 953,708 shares during the period. International Assets Investment Management LLC grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 5,796.9% in the third quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company's stock valued at $402,823,000 after purchasing an additional 6,687,924 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 12.9% in the third quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company's stock worth $309,720,000 after purchasing an additional 596,099 shares during the period. Cetera Investment Advisers increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 10.3% in the second quarter. Cetera Investment Advisers now owns 2,496,225 shares of the company's stock worth $136,668,000 after purchasing an additional 232,129 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,862,913 shares of the company's stock worth $101,994,000 after purchasing an additional 71,047 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.6 %

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 company has a fifty day simple moving average of $61.46 and a 200 day simple moving average of $59.40. The stock has a market cap of $13.55 billion, a P/E ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $50.24 and a twelve month high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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