Family Capital Management Inc. Sells 2,976 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Family Capital Management Inc. cut its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 11.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,596 shares of the company’s stock after selling 2,976 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers accounts for about 0.9% of Family Capital Management Inc.’s portfolio, making the stock its 26th largest position. Family Capital Management Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,219,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hazlett Burt & Watson Inc. grew its position in First Trust NASDAQ Rising Dividend Achievers by 87.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 478 shares of the company’s stock valued at $25,000 after buying an additional 223 shares during the period. Cozad Asset Management Inc. raised its stake in First Trust NASDAQ Rising Dividend Achievers by 0.4% in the third quarter. Cozad Asset Management Inc. now owns 69,703 shares of the company’s stock valued at $3,203,000 after purchasing an additional 249 shares in the last quarter. Private Trust Co. NA raised its stake in First Trust NASDAQ Rising Dividend Achievers by 0.9% in the third quarter. Private Trust Co. NA now owns 31,136 shares of the company’s stock valued at $1,431,000 after purchasing an additional 273 shares in the last quarter. DAVENPORT & Co LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers by 4.4% in the fourth quarter. DAVENPORT & Co LLC now owns 6,761 shares of the company’s stock valued at $349,000 after purchasing an additional 286 shares in the last quarter. Finally, Castleview Partners LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers by 4.2% in the first quarter. Castleview Partners LLC now owns 7,239 shares of the company’s stock valued at $325,000 after purchasing an additional 291 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ RDVY traded down $0.01 on Thursday, reaching $53.05. 765,304 shares of the company’s stock traded hands, compared to its average volume of 803,185. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $42.42 and a 12 month high of $56.28. The stock has a 50-day simple moving average of $53.79 and a 200 day simple moving average of $50.34. The stock has a market cap of $9.94 billion, a PE ratio of 9.85 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were issued a $0.2238 dividend. This represents a $0.90 annualized dividend and a yield of 1.69%. The ex-dividend date was Thursday, March 21st.

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.