World Investment Advisors Decreases Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

World Investment Advisors decreased its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 7.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 96,514 shares of the company's stock after selling 7,455 shares during the period. World Investment Advisors' holdings in First Trust NASDAQ Rising Dividend Achievers were worth $5,708,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MBE Wealth Management LLC raised its holdings in shares of 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 worth $240,000 after acquiring an additional 163 shares during the period. Trueblood Wealth Management LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 1.4% in the 4th quarter. Trueblood Wealth Management LLC now owns 12,233 shares of the company's stock valued at $723,000 after purchasing an additional 167 shares during the period. Pacific Sun Financial Corp lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 2.9% in the fourth quarter. Pacific Sun Financial Corp now owns 6,090 shares of the company's stock valued at $360,000 after purchasing an additional 170 shares in the last quarter. Wealth Effects LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 0.6% during the fourth quarter. Wealth Effects LLC now owns 34,830 shares of the company's stock worth $2,060,000 after buying an additional 200 shares during the period. Finally, Hazlett Burt & Watson Inc. grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 27.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 949 shares of the company's stock worth $57,000 after buying an additional 203 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

First Trust NASDAQ Rising Dividend Achievers stock traded up $4.37 during midday trading on Wednesday, reaching $55.97. The stock had a trading volume of 2,482,972 shares, compared to its average volume of 814,266. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $50.27 and a 1-year high of $64.63. The firm's fifty day simple moving average is $59.51 and its 200-day simple moving average is $60.47. The stock has a market capitalization of $12.84 billion, a P/E ratio of 14.89 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.2544 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Thursday, March 27th. This is a positive change from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19.

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.