Iams Wealth Management LLC Trims Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Iams Wealth Management LLC reduced its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 23.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,862 shares of the company’s stock after selling 1,161 shares during the period. Iams Wealth Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $228,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Sound Income Strategies LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth $40,000. Sugarloaf Wealth Management LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at about $40,000. Eastern Bank bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at about $57,000. Blue Trust Inc. raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during the fourth quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock valued at $72,000 after acquiring an additional 1,179 shares during the last quarter. Finally, Crewe Advisors LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% during the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock valued at $97,000 after acquiring an additional 182 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of NASDAQ RDVY opened at $62.72 on Thursday. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $50.24 and a 1 year high of $64.63. The company’s 50-day moving average is $61.49 and its 200 day moving average is $59.53. The stock has a market capitalization of $13.64 billion, a P/E 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. Shareholders of record on Friday, December 13th were paid a dividend of $0.2956 per share. The ex-dividend date was Friday, December 13th.

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.