L.M. Kohn & Company Has $2.91 Million Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

L.M. Kohn & Company cut its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,240 shares of the company’s stock after selling 2,829 shares during the period. First Trust NASDAQ Rising Dividend Achievers comprises approximately 0.8% of L.M. Kohn & Company’s holdings, making the stock its 23rd largest holding. L.M. Kohn & Company’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,912,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Sugarloaf Wealth Management LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $40,000. Sound Income Strategies LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $40,000. Eastern Bank acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $57,000. Blue Trust Inc. increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during the 4th quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock valued at $72,000 after purchasing an additional 1,179 shares in the last quarter. Finally, Crewe Advisors LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 12.5% during the 3rd quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock valued at $97,000 after purchasing an additional 182 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

RDVY stock opened at $62.64 on Friday. The business has a fifty day moving average price of $61.18 and a 200 day moving average price of $59.97. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $51.39 and a fifty-two week high of $64.63. The stock has a market capitalization of $13.66 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced 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.