IFP Advisors Inc Has $4.40 Million Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

IFP Advisors Inc lessened its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 23.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,335 shares of the company’s stock after selling 22,838 shares during the period. IFP Advisors Inc’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $4,396,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Marshall Investment Management LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth approximately $6,751,000. Pinnacle Financial Partners Inc increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 9.6% in the 4th quarter. Pinnacle Financial Partners Inc now owns 8,167 shares of the company’s stock valued at $483,000 after acquiring an additional 712 shares in the last quarter. Winebrenner Capital Management LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $1,226,000. Element Wealth LLC lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 29.0% during the 4th quarter. Element Wealth LLC now owns 5,370 shares of the company’s stock valued at $318,000 after acquiring an additional 1,207 shares during the period. Finally, Matauro LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth $206,000.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.2 %

NASDAQ:RDVY opened at $61.36 on Tuesday. The firm has a fifty day simple moving average of $61.24 and a two-hundred day simple moving average of $60.26. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $52.26 and a 12 month high of $64.63. The stock has a market capitalization of $13.39 billion, a price-to-earnings ratio of 14.00 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.2956 dividend. The ex-dividend date was Friday, December 13th.

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.