First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Shares Sold by ORBA Wealth Advisors L.L.C.

ORBA Wealth Advisors L.L.C. trimmed its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 7.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,681 shares of the company’s stock after selling 5,983 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers comprises approximately 2.5% of ORBA Wealth Advisors L.L.C.’s portfolio, making the stock its 11th biggest position. ORBA Wealth Advisors L.L.C.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $4,712,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $40,000. Sound Income Strategies LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $40,000. Eastern Bank purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth $57,000. Blue Trust Inc. lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during the fourth quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock worth $72,000 after purchasing an additional 1,179 shares during the period. Finally, Crewe Advisors LLC grew its position in First Trust NASDAQ Rising Dividend Achievers by 12.5% in the 3rd quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock valued at $97,000 after buying an additional 182 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $61.36 on Wednesday. First Trust NASDAQ Rising Dividend Achievers has a one year low of $52.26 and a one year high of $64.63. The company has a market cap of $13.39 billion, a P/E ratio of 14.00 and a beta of 1.15. The firm has a fifty day moving average of $61.25 and a two-hundred day moving average of $60.34.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed 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.

First Trust NASDAQ Rising Dividend Achievers Company 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.