Western Wealth Management LLC cut its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY – Free Report) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 372,451 shares of the company’s stock after selling 10,866 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for approximately 1.4% of Western Wealth Management LLC’s investment portfolio, making the stock its 10th biggest holding. Western Wealth Management LLC owned about 0.21% of First Trust NASDAQ Rising Dividend Achievers worth $19,245,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the business. Farmers & Merchants Investments Inc. acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $25,000. Hazlett Burt & Watson Inc. raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 87.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 478 shares of the company’s stock worth $25,000 after purchasing an additional 223 shares during the last quarter. PFG Private Wealth Management LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth about $26,000. Harbor Investment Advisory LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter valued at about $29,000. Finally, Arlington Trust Co LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $29,000.
First Trust NASDAQ Rising Dividend Achievers Stock Performance
Shares of NASDAQ RDVY traded down $0.01 during midday trading on Thursday, reaching $53.05. 765,309 shares of the stock were exchanged, compared to its average volume of 803,185. The company has a 50 day simple moving average of $53.79 and a 200 day simple moving average of $50.34. The stock has a market capitalization of $9.94 billion, a P/E ratio of 9.85 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $42.42 and a twelve month high of $56.28.
First Trust NASDAQ Rising Dividend Achievers Cuts Dividend
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.
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