TBH Global Asset Management LLC Lowers Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

TBH Global Asset Management LLC trimmed its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 20.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,717 shares of the company’s stock after selling 10,801 shares during the quarter. TBH Global Asset Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,467,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. International Assets Investment Management LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 5,796.9% in the third quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock worth $402,823,000 after buying an additional 6,687,924 shares in the last quarter. LPL Financial LLC raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.9% in the 3rd quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock worth $1,203,528,000 after acquiring an additional 953,708 shares during the last quarter. JPMorgan Chase & Co. lifted its position in First Trust NASDAQ Rising Dividend Achievers by 135.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company’s stock valued at $66,838,000 after acquiring an additional 650,194 shares in the last quarter. HighTower Advisors LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 47.3% during the 3rd quarter. HighTower Advisors LLC now owns 1,267,282 shares of the company’s stock valued at $75,007,000 after purchasing an additional 406,747 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 5,198.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 336,786 shares of the company’s stock valued at $19,947,000 after purchasing an additional 330,430 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

RDVY stock opened at $63.39 on Thursday. The stock has a market capitalization of $13.83 billion, a P/E ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $51.50 and a 1-year high of $64.63. The business has a fifty day moving average price of $61.23 and a 200-day moving average price of $60.10.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

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.