Western Wealth Management LLC Sells 10,866 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Western Wealth Management LLC cut its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 372,451 shares of the company’s stock after selling 10,866 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for approximately 1.4% of Western Wealth Management LLC’s investment portfolio, making the stock its 10th biggest holding. Western Wealth Management LLC owned about 0.21% of First Trust NASDAQ Rising Dividend Achievers worth $19,245,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Farmers & Merchants Investments Inc. acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $25,000. Hazlett Burt & Watson Inc. raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 87.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 478 shares of the company’s stock worth $25,000 after purchasing an additional 223 shares during the last quarter. PFG Private Wealth Management LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth about $26,000. Harbor Investment Advisory LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter valued at about $29,000. Finally, Arlington Trust Co LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $29,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of NASDAQ RDVY traded down $0.01 during midday trading on Thursday, reaching $53.05. 765,309 shares of the stock were exchanged, compared to its average volume of 803,185. The company 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 capitalization of $9.94 billion, a P/E ratio of 9.85 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $42.42 and a twelve month high of $56.28.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

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.