Secure Asset Management LLC Cuts Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Secure Asset Management LLC decreased its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 72.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,097 shares of the company’s stock after selling 26,907 shares during the quarter. 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.

Several other hedge funds have also added to or reduced their stakes in RDVY. International Assets Investment Management LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 5,796.9% during 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 acquiring an additional 6,687,924 shares in the last quarter. LPL Financial LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 4.9% during the 3rd quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock valued at $1,203,528,000 after purchasing an additional 953,708 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 135.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company’s stock worth $66,838,000 after purchasing an additional 650,194 shares in the last quarter. Commonwealth Equity Services LLC raised 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 last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 47.3% during the third quarter. HighTower Advisors LLC now owns 1,267,282 shares of the company’s stock valued at $75,007,000 after purchasing an additional 406,747 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

First Trust NASDAQ Rising Dividend Achievers stock opened at $62.52 on Friday. First Trust NASDAQ Rising Dividend Achievers has a one year low of $50.24 and a one year high of $64.63. The business’s fifty day moving average is $61.46 and its 200 day moving average is $59.37. The stock has a market capitalization of $13.52 billion, a PE ratio of 10.08 and a beta of 1.15.

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 issued a dividend of $0.2956 per share. The ex-dividend date of this dividend 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.