Shelton Wealth Management LLC Sells 8,743 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Shelton Wealth Management LLC reduced its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 12.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,281 shares of the company's stock after selling 8,743 shares during the period. First Trust NASDAQ Rising Dividend Achievers comprises approximately 2.0% of Shelton Wealth Management LLC's holdings, making the stock its 13th largest holding. Shelton Wealth Management LLC's holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,802,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in RDVY. Arkadios Wealth Advisors lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 26.3% in the fourth quarter. Arkadios Wealth Advisors now owns 122,395 shares of the company's stock worth $7,238,000 after acquiring an additional 25,484 shares during the last quarter. TrueWealth Advisors LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.0% in the 4th quarter. TrueWealth Advisors LLC now owns 35,615 shares of the company's stock worth $2,106,000 after purchasing an additional 1,370 shares during the last quarter. Merit Financial Group LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 5.5% during the 4th quarter. Merit Financial Group LLC now owns 40,698 shares of the company's stock valued at $2,407,000 after purchasing an additional 2,132 shares during the period. Walker Asset Management LLC grew its stake in First Trust NASDAQ Rising Dividend Achievers by 2.0% during the 4th quarter. Walker Asset Management LLC now owns 20,021 shares of the company's stock worth $1,184,000 after buying an additional 400 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its position in First Trust NASDAQ Rising Dividend Achievers by 21.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 87,407 shares of the company's stock worth $5,169,000 after buying an additional 15,580 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY traded up $0.30 during midday trading on Friday, hitting $62.18. 842,642 shares of the stock traded hands, compared to its average volume of 921,104. The business's 50 day moving average price is $61.47 and its two-hundred day moving average price is $59.13. The firm has a market capitalization of $13.39 billion, a PE ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $49.60 and a 1-year high of $64.63.

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.

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.