Advance Capital Management Inc. Decreases Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Advance Capital Management Inc. lessened its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,479 shares of the company’s stock after selling 3,223 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers comprises about 0.2% of Advance Capital Management Inc.’s investment portfolio, making the stock its 20th biggest holding. Advance Capital Management Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $5,055,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 39.7% in the fourth quarter. GAMMA Investing LLC now owns 5,479 shares of the company’s stock worth $324,000 after purchasing an additional 1,558 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 135.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company’s stock valued at $66,838,000 after buying an additional 650,194 shares during the period. SMART Wealth LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 21.4% in the 3rd quarter. SMART Wealth LLC now owns 95,355 shares of the company’s stock worth $5,646,000 after buying an additional 16,777 shares during the last quarter. Synovus Financial Corp grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 56.9% in the third quarter. Synovus Financial Corp now owns 8,612 shares of the company’s stock worth $510,000 after acquiring an additional 3,124 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the third quarter valued at $104,000.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.7 %

NASDAQ:RDVY traded up $0.44 on Monday, hitting $60.10. The stock had a trading volume of 810,437 shares, compared to its average volume of 904,466. The business’s 50-day simple moving average is $61.48 and its two-hundred day simple moving average is $58.76. The stock has a market cap of $12.90 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $49.60 and a 52-week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.2956 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.