Regatta Capital Group LLC Reduces Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Regatta Capital Group LLC lessened its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 30.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,105 shares of the company's stock after selling 64,469 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers accounts for about 1.8% of Regatta Capital Group LLC's holdings, making the stock its 16th biggest holding. Regatta Capital Group LLC owned approximately 0.08% of First Trust NASDAQ Rising Dividend Achievers worth $8,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in RDVY. Farmers & Merchants Investments Inc. purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $25,000. Hazlett Burt & Watson Inc. grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 87.5% during 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 during the period. PFG Private Wealth Management LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth about $26,000. Arlington Trust Co LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $29,000. Finally, Grove Bank & Trust purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $42,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ RDVY traded up $0.45 on Thursday, reaching $53.72. The company had a trading volume of 562,663 shares, compared to its average volume of 787,792. The firm has a 50-day moving average of $54.28 and a 200-day moving average of $50.95. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $42.42 and a 1 year high of $56.28. The firm has a market capitalization of $10.15 billion, a PE ratio of 9.78 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were given a $0.2238 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Thursday, March 21st.

First Trust NASDAQ Rising Dividend Achievers 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.

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