Scarborough Advisors LLC Lowers Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Scarborough Advisors LLC decreased its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 17.5% in the 4th quarter, HoldingsChannel reports. The firm owned 222,855 shares of the company’s stock after selling 47,299 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers makes up 1.9% of Scarborough Advisors LLC’s holdings, making the stock its 17th biggest holding. Scarborough Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $13,180,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Walkner Condon Financial Advisors LLC raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 6.4% during the fourth quarter. Walkner Condon Financial Advisors LLC now owns 56,027 shares of the company’s stock worth $3,313,000 after purchasing an additional 3,389 shares in the last quarter. Hidden Cove Wealth Management LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth approximately $4,219,000. Gladstone Institutional Advisory LLC raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 8.7% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 224,013 shares of the company’s stock worth $13,248,000 after purchasing an additional 17,848 shares in the last quarter. Perissos Private Wealth Management LLC raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 86.3% during the fourth quarter. Perissos Private Wealth Management LLC now owns 30,627 shares of the company’s stock worth $1,811,000 after purchasing an additional 14,191 shares in the last quarter. Finally, Guided Capital Wealth Management LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth approximately $7,861,000.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.6 %

Shares of RDVY opened at $62.64 on Friday. The firm has a market cap of $13.66 billion, a PE ratio of 10.08 and a beta of 1.15. The company’s 50 day simple moving average is $61.19 and its 200-day simple moving average is $59.92. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $51.39 and a 12-month high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

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.