Principle Wealth Partners LLC Reduces Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Principle Wealth Partners LLC trimmed its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 29.9% in the fourth quarter, HoldingsChannel reports. The firm owned 5,400 shares of the company’s stock after selling 2,305 shares during the period. Principle Wealth Partners LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $319,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of RDVY. Sugarloaf Wealth Management LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth approximately $40,000. Sound Income Strategies LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth approximately $40,000. Eastern Bank acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth approximately $57,000. Blue Trust Inc. boosted its position in First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during the fourth quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock worth $72,000 after acquiring an additional 1,179 shares during the last quarter. Finally, Crewe Advisors LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 12.5% during the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock worth $97,000 after acquiring an additional 182 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of NASDAQ RDVY opened at $62.43 on Wednesday. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $50.24 and a 1 year high of $64.63. The firm’s 50 day moving average price is $61.27 and its 200 day moving average price is $59.86. The firm has a market cap of $13.62 billion, a P/E 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. Investors of record on Friday, December 13th were given a dividend of $0.2956 per share. The ex-dividend date of this dividend 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.