Cary Street Partners Investment Advisory LLC Decreases Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Cary Street Partners Investment Advisory LLC lessened its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 37.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,809 shares of the company's stock after selling 21,647 shares during the period. Cary Street Partners Investment Advisory LLC's holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,902,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RDVY. International Assets Investment Management LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 5,519.6% in the 4th quarter. International Assets Investment Management LLC now owns 6,615,517 shares of the company's stock worth $341,824,000 after acquiring an additional 6,497,795 shares in the last quarter. Morgan Stanley increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 8.1% in the third quarter. Morgan Stanley now owns 12,995,589 shares of the company's stock worth $597,147,000 after purchasing an additional 969,819 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 30.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,989,267 shares of the company's stock valued at $206,125,000 after buying an additional 933,923 shares during the period. LPL Financial LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.5% during the 3rd quarter. LPL Financial LLC now owns 16,132,424 shares of the company's stock worth $741,285,000 after buying an additional 689,605 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 10.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,803,282 shares of the company's stock worth $299,856,000 after buying an additional 557,879 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of NASDAQ:RDVY traded down $0.04 during mid-day trading on Friday, hitting $55.24. The company had a trading volume of 501,334 shares, compared to its average volume of 777,794. First Trust NASDAQ Rising Dividend Achievers has a one year low of $42.93 and a one year high of $56.28. The firm has a fifty day moving average price of $54.54 and a 200 day moving average price of $51.45. The company has a market capitalization of $10.45 billion, a PE ratio of 9.78 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business 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. This represents a $0.90 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Thursday, March 21st.

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.