Sigma Planning Corp Sells 94,333 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Sigma Planning Corp decreased its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 51.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 88,887 shares of the company’s stock after selling 94,333 shares during the period. Sigma Planning Corp’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $4,593,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth about $25,000. Hazlett Burt & Watson Inc. raised its stake in First Trust NASDAQ Rising Dividend Achievers by 87.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 478 shares of the company’s stock worth $25,000 after buying an additional 223 shares in the last quarter. PFG Private Wealth Management LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $26,000. Arlington Trust Co LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $29,000. Finally, Harbor Investment Advisory LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter worth $29,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

RDVY traded up $0.34 on Friday, hitting $53.39. The company had a trading volume of 902,037 shares, compared to its average volume of 804,486. The stock has a market capitalization of $10.03 billion, a price-to-earnings ratio of 9.85 and a beta of 1.15. The stock has a fifty day moving average price of $53.87 and a 200-day moving average price of $50.45. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $42.42 and a 12-month high of $56.28.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were paid a dividend of $0.2238 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.68%.

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.