Snowden Capital Advisors LLC Reduces Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Snowden Capital Advisors LLC decreased its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 37.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,488 shares of the company’s stock after selling 20,370 shares during the quarter. Snowden Capital Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,980,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Triumph Capital Management lifted its position in First Trust NASDAQ Rising Dividend Achievers by 7.6% during the fourth quarter. Triumph Capital Management now owns 116,915 shares of the company’s stock valued at $6,914,000 after buying an additional 8,263 shares during the period. Next Level Private LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 6.2% during the fourth quarter. Next Level Private LLC now owns 262,333 shares of the company’s stock valued at $15,514,000 after buying an additional 15,253 shares during the period. Aspire Capital Advisors LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 3.7% during the fourth quarter. Aspire Capital Advisors LLC now owns 213,876 shares of the company’s stock valued at $12,649,000 after buying an additional 7,558 shares during the period. Hidden Cove Wealth Management LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $4,219,000. Finally, Oppenheimer & Co. Inc. lifted its position in First Trust NASDAQ Rising Dividend Achievers by 4.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 123,295 shares of the company’s stock valued at $7,292,000 after buying an additional 5,417 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.6%

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $61.52 on Friday. The firm has a market capitalization of $14.33 billion, a P/E ratio of 14.58 and a beta of 1.15. The business has a fifty day simple moving average of $57.24 and a two-hundred day simple moving average of $60.04. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $50.27 and a 12 month high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.2544 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Thursday, March 27th. This is a positive change from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19.

About First Trust NASDAQ Rising Dividend Achievers

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.