Park National Corp OH Sells 1,111 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Park National Corp OH lessened its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 0.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 292,999 shares of the company’s stock after selling 1,111 shares during the period. Park National Corp OH’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $16,458,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of RDVY. Farmers & Merchants Investments Inc. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at approximately $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 position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth approximately $26,000. Arlington Trust Co LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth approximately $29,000. Finally, Grove Bank & Trust bought a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth approximately $42,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ:RDVY traded up $0.22 during trading hours on Tuesday, reaching $55.01. The company’s stock had a trading volume of 676,283 shares, compared to its average volume of 739,063. The company has a market capitalization of $10.41 billion, a P/E ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $43.30 and a 12 month high of $56.28. The stock has a 50 day moving average price of $54.55 and a two-hundred day moving average price of $53.04.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were paid a $0.2238 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Thursday, March 21st.

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.