Quantum Private Wealth LLC trimmed its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY – Free Report) by 17.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,587 shares of the company’s stock after selling 1,003 shares during the period. Quantum Private Wealth LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $237,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in RDVY. Farmers & Merchants Investments Inc. acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $25,000. Hazlett Burt & Watson Inc. raised its stake in First Trust NASDAQ Rising Dividend Achievers by 87.5% in 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 in the last quarter. PFG Private Wealth Management LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $26,000. Arlington Trust Co LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $29,000. Finally, Harbor Investment Advisory LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter worth about $29,000.
First Trust NASDAQ Rising Dividend Achievers Stock Down 0.4 %
Shares of RDVY stock traded down $0.21 during mid-day trading on Wednesday, reaching $53.19. 165,532 shares of the stock traded hands, compared to its average volume of 796,900. The stock’s fifty day simple moving average is $53.75 and its two-hundred day simple moving average is $50.32. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $42.42 and a 1-year high of $56.28. The company has a market cap of $9.97 billion, a price-to-earnings ratio of 9.85 and a beta of 1.15.
First Trust NASDAQ Rising Dividend Achievers Cuts Dividend
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.
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