Creekmur Asset Management LLC Reduces Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Creekmur Asset Management LLC reduced its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 15.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,307 shares of the company’s stock after selling 2,065 shares during the quarter. Creekmur Asset Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $635,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Harbour Investments Inc. boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 11.1% in the fourth quarter. Harbour Investments Inc. now owns 524,830 shares of the company’s stock worth $27,118,000 after acquiring an additional 52,344 shares during the period. US Bancorp DE raised its position in First Trust NASDAQ Rising Dividend Achievers by 107.5% during the fourth quarter. US Bancorp DE now owns 305,539 shares of the company’s stock valued at $15,790,000 after purchasing an additional 158,285 shares during the period. Focus Financial Network Inc. ADV bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at approximately $4,151,000. Beaumont Financial Advisors LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $2,546,000. Finally, Perigon Wealth Management LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 365.8% during the 4th quarter. Perigon Wealth Management LLC now owns 60,833 shares of the company’s stock valued at $3,143,000 after purchasing an additional 47,774 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.7 %

NASDAQ:RDVY traded up $0.42 during midday trading on Wednesday, hitting $58.46. 898,433 shares of the company traded hands, compared to its average volume of 741,136. The firm’s fifty day moving average is $55.51 and its 200-day moving average is $54.20. The firm has a market capitalization of $11.60 billion, a P/E ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $43.30 and a 12-month high of $59.07.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a $0.2616 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.05 annualized dividend and a dividend yield of 1.79%.

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.