Cetera Investment Advisers Cuts Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Cetera Investment Advisers reduced its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,460,298 shares of the company's stock after selling 58,634 shares during the quarter. Cetera Investment Advisers owned approximately 1.13% of First Trust NASDAQ Rising Dividend Achievers worth $145,502,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at about $25,000. Summit Investment Advisors Inc. lifted its position in First Trust NASDAQ Rising Dividend Achievers by 195.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 443 shares of the company's stock valued at $26,000 after acquiring an additional 293 shares during the last quarter. Graney & King LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at approximately $27,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth $38,000. Finally, Sugarloaf Wealth Management LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth $40,000.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.2 %

Shares of RDVY opened at $58.28 on Tuesday. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $50.27 and a 12 month high of $64.63. The stock has a fifty day moving average price of $57.22 and a 200-day moving average price of $60.03. The firm has a market cap of $13.58 billion, a PE ratio of 13.97 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.2544 dividend. This represents a $1.02 annualized dividend and a yield of 1.75%. The ex-dividend date was Thursday, March 27th. This is an increase from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19.

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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