NBT Bank N A NY Trims Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

NBT Bank N A NY cut its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 4.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 13,356 shares of the company’s stock after selling 622 shares during the period. NBT Bank N A NY’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $790,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $25,000. Sound Income Strategies LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $40,000. Sugarloaf Wealth Management LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $40,000. Eastern Bank acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $57,000. Finally, Blue Trust Inc. raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 2,807.1% in the 4th quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock valued at $72,000 after acquiring an additional 1,179 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY opened at $58.82 on Tuesday. The stock has a fifty day moving average of $61.38 and a two-hundred day moving average of $60.57. The company has a market capitalization of $13.26 billion, a PE ratio of 14.78 and a beta of 1.14. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $52.78 and a fifty-two week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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