First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Shares Sold by Pitti Group Wealth Management LLC

Pitti Group Wealth Management LLC lowered its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 4.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 24,761 shares of the company’s stock after selling 1,145 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers makes up about 1.5% of Pitti Group Wealth Management LLC’s holdings, making the stock its 20th largest position. Pitti Group Wealth Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,464,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $593,242,000. LPL Financial LLC grew its stake in First Trust NASDAQ Rising Dividend Achievers by 4.9% in the 3rd quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock worth $1,203,528,000 after acquiring an additional 953,708 shares during the period. JPMorgan Chase & Co. boosted 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 valued at $66,838,000 after purchasing an additional 650,194 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 7.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company’s stock valued at $333,550,000 after purchasing an additional 409,135 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 47.3% in the 3rd 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 during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Up 2.1 %

NASDAQ:RDVY opened at $58.45 on Monday. The firm has a market capitalization of $12.75 billion, a price-to-earnings ratio of 14.78 and a beta of 1.15. The firm’s fifty day simple moving average is $61.27 and its 200 day simple moving average is $60.57. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $52.78 and a twelve month high of $64.63.

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.