Sequent Asset Management LLC Lowers Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Sequent Asset Management LLC lowered its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 48.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,768 shares of the company’s stock after selling 5,460 shares during the period. Sequent Asset Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $298,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. DAVENPORT & Co LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 5.0% during the third quarter. DAVENPORT & Co LLC now owns 6,475 shares of the company’s stock valued at $298,000 after buying an additional 309 shares during the period. Sweet Financial Partners LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 0.6% in the 3rd quarter. Sweet Financial Partners LLC now owns 413,591 shares of the company’s stock worth $19,005,000 after acquiring an additional 2,421 shares in the last quarter. Barrett & Company Inc. lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 2.9% during the 3rd quarter. Barrett & Company Inc. now owns 31,798 shares of the company’s stock worth $1,461,000 after purchasing an additional 903 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in First Trust NASDAQ Rising Dividend Achievers by 1.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 1,887,417 shares of the company’s stock valued at $86,727,000 after purchasing an additional 24,137 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the third quarter valued at about $216,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

First Trust NASDAQ Rising Dividend Achievers stock traded down $1.18 during trading hours on Tuesday, reaching $53.32. The stock had a trading volume of 602,335 shares, compared to its average volume of 793,009. The company has a market cap of $10.07 billion, a price-to-earnings ratio of 9.78 and a beta of 1.15. The business’s 50 day moving average price is $54.23 and its 200-day moving average price is $50.91. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $42.42 and a 52 week high of $56.28.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were paid a dividend of $0.2238 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.68%.

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.