Steward Partners Investment Advisory LLC Sells 15,851 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Steward Partners Investment Advisory LLC cut its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 500,246 shares of the company’s stock after selling 15,851 shares during the quarter. Steward Partners Investment Advisory LLC owned about 0.23% of First Trust NASDAQ Rising Dividend Achievers worth $29,585,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sound Income Strategies LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth about $40,000. Sugarloaf Wealth Management LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth about $40,000. Eastern Bank bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth about $57,000. Blue Trust Inc. increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 2,807.1% in the 4th quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock worth $72,000 after buying an additional 1,179 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth about $74,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ RDVY opened at $60.34 on Tuesday. First Trust NASDAQ Rising Dividend Achievers has a one year low of $52.78 and a one year high of $64.63. The stock has a 50-day moving average of $61.41 and a 200 day moving average of $60.49. The company has a market capitalization of $13.16 billion, a price-to-earnings ratio of 14.00 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.2956 dividend. 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.