Howard Financial Services LTD. Sells 1,229 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Howard Financial Services LTD. trimmed its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 199,981 shares of the company’s stock after selling 1,229 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers accounts for 1.6% of Howard Financial Services LTD.’s holdings, making the stock its 19th largest holding. Howard Financial Services LTD. owned 0.09% of First Trust NASDAQ Rising Dividend Achievers worth $11,827,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth $40,000. Eastern Bank bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth about $57,000. Crewe Advisors LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% in the 3rd quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock valued at $97,000 after purchasing an additional 182 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter valued at approximately $104,000. Finally, Venturi Wealth Management LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter worth approximately $105,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ RDVY opened at $62.18 on Friday. The firm’s fifty day moving average price is $61.47 and its two-hundred day moving average price is $59.10. The stock has a market cap of $13.39 billion, a PE ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $49.60 and a fifty-two week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.2956 per share. The ex-dividend date 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.