Iams Wealth Management LLC Reduces Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Iams Wealth Management LLC cut its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 1.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,638 shares of the company’s stock after selling 290 shares during the quarter. Iams Wealth Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,507,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Morgan Stanley boosted its position in First Trust NASDAQ Rising Dividend Achievers by 8.1% during the 3rd quarter. Morgan Stanley now owns 12,995,589 shares of the company’s stock valued at $597,147,000 after purchasing an additional 969,819 shares during the period. Wells Fargo & Company MN raised its stake in First Trust NASDAQ Rising Dividend Achievers by 1.0% during the 4th quarter. Wells Fargo & Company MN now owns 7,955,014 shares of the company’s stock valued at $411,036,000 after acquiring an additional 79,637 shares in the last quarter. International Assets Investment Management LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers by 5,519.6% during the 4th quarter. International Assets Investment Management LLC now owns 6,615,517 shares of the company’s stock valued at $341,824,000 after acquiring an additional 6,497,795 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in First Trust NASDAQ Rising Dividend Achievers by 10.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,803,282 shares of the company’s stock valued at $299,856,000 after acquiring an additional 557,879 shares in the last quarter. Finally, Global Assets Advisory LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers by 5,315.6% during the 1st quarter. Global Assets Advisory LLC now owns 4,216,002 shares of the company’s stock valued at $236,813,000 after acquiring an additional 4,138,153 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.1 %

First Trust NASDAQ Rising Dividend Achievers stock traded up $0.06 during mid-day trading on Tuesday, hitting $54.69. 355,522 shares of the company’s stock traded hands, compared to its average volume of 736,659. The firm has a 50 day moving average price of $54.75 and a 200 day moving average price of $53.43. The company has a market cap of $10.35 billion, a PE ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a one year low of $43.30 and a one year high of $56.28.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a $0.2616 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.05 annualized dividend and a dividend yield of 1.91%.

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.