Industrial Alliance Investment Management Inc. Cuts Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Industrial Alliance Investment Management Inc. reduced its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 48.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,169 shares of the company’s stock after selling 2,024 shares during the period. Industrial Alliance Investment Management Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $122,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in RDVY. IAG Wealth Partners LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 12.5% during the first quarter. IAG Wealth Partners LLC now owns 1,800 shares of the company’s stock worth $101,000 after purchasing an additional 200 shares in the last quarter. Curtis Advisory Group LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 1.0% during the first quarter. Curtis Advisory Group LLC now owns 19,583 shares of the company’s stock worth $1,100,000 after buying an additional 200 shares during the period. Kaydan Wealth Management Inc. lifted its position in First Trust NASDAQ Rising Dividend Achievers by 1.1% in the first quarter. Kaydan Wealth Management Inc. now owns 18,651 shares of the company’s stock valued at $1,048,000 after purchasing an additional 206 shares during the period. Hazlett Burt & Watson Inc. lifted its position 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 valued at $25,000 after purchasing an additional 223 shares during the period. Finally, SteelPeak Wealth LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 0.6% in the first quarter. SteelPeak Wealth LLC now owns 38,192 shares of the company’s stock valued at $2,145,000 after purchasing an additional 223 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

First Trust NASDAQ Rising Dividend Achievers stock traded up $0.51 during mid-day trading on Wednesday, reaching $58.55. The company had a trading volume of 520,852 shares, compared to its average volume of 738,550. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $43.30 and a 1 year high of $58.69. The company has a market capitalization of $11.61 billion, a P/E ratio of 10.08 and a beta of 1.15. The stock’s 50-day simple moving average is $55.45 and its 200-day simple moving average is $54.17.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were issued a $0.2616 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.05 dividend on an annualized basis and a yield of 1.79%.

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.