Shelton Wealth Management LLC Sells 8,743 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Shelton Wealth Management LLC cut its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 12.0% during the fourth quarter, HoldingsChannel reports. The fund owned 64,281 shares of the company’s stock after selling 8,743 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers comprises about 2.0% of Shelton Wealth Management LLC’s holdings, making the stock its 13th largest position. Shelton Wealth Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,802,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Arkadios Wealth Advisors boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 26.3% in the fourth quarter. Arkadios Wealth Advisors now owns 122,395 shares of the company’s stock valued at $7,238,000 after acquiring an additional 25,484 shares in the last quarter. TrueWealth Advisors LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.0% during the fourth quarter. TrueWealth Advisors LLC now owns 35,615 shares of the company’s stock worth $2,106,000 after buying an additional 1,370 shares during the period. Merit Financial Group LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 5.5% during the 4th quarter. Merit Financial Group LLC now owns 40,698 shares of the company’s stock worth $2,407,000 after acquiring an additional 2,132 shares during the period. Walker Asset Management LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 2.0% in the fourth quarter. Walker Asset Management LLC now owns 20,021 shares of the company’s stock worth $1,184,000 after purchasing an additional 400 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 21.7% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 87,407 shares of the company’s stock worth $5,169,000 after buying an additional 15,580 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.5 %

Shares of RDVY stock opened at $62.18 on Friday. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $49.60 and a 52-week high of $64.63. The business has a 50-day simple moving average of $61.47 and a 200-day simple moving average of $59.10. The stock has a market cap of $13.39 billion, a PE ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.2956 per share. 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.