Lincoln National Corp Has $3 Million Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Lincoln National Corp decreased its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 36.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,038 shares of the company's stock after selling 33,119 shares during the quarter. Lincoln National Corp's holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,999,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RDVY. Farmers & Merchants Investments Inc. purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 87.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 478 shares of the company's stock worth $25,000 after acquiring an additional 223 shares in the last quarter. PFG Private Wealth Management LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth $26,000. Arlington Trust Co LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth $29,000. Finally, Grove Bank & Trust acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth $42,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of NASDAQ:RDVY traded up $0.10 during trading on Tuesday, hitting $54.83. The company's stock had a trading volume of 701,475 shares, compared to its average volume of 784,777. The business has a 50 day moving average price of $54.41 and a two-hundred day moving average price of $51.22. The company has a market capitalization of $10.38 billion, a PE ratio of 9.78 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $42.93 and a fifty-two week high of $56.28.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a $0.2238 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.63%.

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.