IHT Wealth Management LLC Sells 11,791 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

IHT Wealth Management LLC decreased its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 235,786 shares of the company's stock after selling 11,791 shares during the period. IHT Wealth Management LLC owned 0.11% of First Trust NASDAQ Rising Dividend Achievers worth $13,944,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at approximately $25,000. Summit Investment Advisors Inc. boosted its position in First Trust NASDAQ Rising Dividend Achievers by 195.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 443 shares of the company's stock valued at $26,000 after buying an additional 293 shares during the last quarter. Graney & King LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $27,000. Sugarloaf Wealth Management LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth about $40,000. Finally, Sound Income Strategies LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at about $40,000.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.2 %

Shares of RDVY traded down $0.12 on Friday, reaching $56.69. 844,581 shares of the company's stock were exchanged, compared to its average volume of 833,795. 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 market capitalization of $13.16 billion, a P/E ratio of 13.97 and a beta of 1.15. The business has a 50 day moving average price of $57.75 and a two-hundred day moving average price of $60.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a $0.2544 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.80%. This is an increase from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19.

First Trust NASDAQ Rising Dividend Achievers Company 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.