Bessemer Group Inc. Lowers Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Bessemer Group Inc. lowered its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 29.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,244 shares of the company’s stock after selling 515 shares during the quarter. Bessemer Group Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $74,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. ORG Partners LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 259.3% during the fourth quarter. ORG Partners LLC now owns 202,120 shares of the company’s stock valued at $11,953,000 after buying an additional 145,866 shares during the last quarter. SMART Wealth LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 21.4% in the 3rd quarter. SMART Wealth LLC now owns 95,355 shares of the company’s stock valued at $5,646,000 after acquiring an additional 16,777 shares during the last quarter. Next Level Private LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 6.2% in the 4th quarter. Next Level Private LLC now owns 262,333 shares of the company’s stock worth $15,514,000 after purchasing an additional 15,253 shares in the last quarter. Aspire Capital Advisors LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 3.7% during the 4th quarter. Aspire Capital Advisors LLC now owns 213,876 shares of the company’s stock valued at $12,649,000 after purchasing an additional 7,558 shares during the last quarter. Finally, Hidden Cove Wealth Management LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at about $4,219,000.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.3 %

Shares of RDVY stock opened at $54.65 on Friday. The stock has a market capitalization of $12.62 billion, a price-to-earnings ratio of 13.97 and a beta of 1.08. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $50.27 and a 12-month high of $64.63. The stock’s 50-day moving average price is $58.60 and its 200-day moving average price is $60.29.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.2544 per share. This is an increase from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Thursday, March 27th.

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.