Sanctuary Advisors LLC Cuts Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Sanctuary Advisors LLC lowered its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 4.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 216,805 shares of the company’s stock after selling 10,674 shares during the period. Sanctuary Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $13,709,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $40,000. Sugarloaf Wealth Management LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $40,000. Eastern Bank purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $57,000. Blue Trust Inc. grew its position 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 worth $72,000 after purchasing an additional 1,179 shares in the last quarter. Finally, Crewe Advisors LLC grew its position 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 worth $97,000 after purchasing an additional 182 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ RDVY opened at $63.25 on Wednesday. The stock has a market capitalization of $13.80 billion, a PE ratio of 10.08 and a beta of 1.15. The business has a 50 day simple moving average of $61.19 and a two-hundred day simple moving average of $60.02. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $51.50 and a 1-year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.2956 per share. The ex-dividend date 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.