Envestnet Asset Management Inc. Trims Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Envestnet Asset Management Inc. cut its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,086,696 shares of the company’s stock after selling 178,574 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.41% of First Trust NASDAQ Rising Dividend Achievers worth $182,547,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. MBE Wealth Management LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 4.2% during the fourth quarter. MBE Wealth Management LLC now owns 4,057 shares of the company’s stock worth $240,000 after acquiring an additional 163 shares during the last quarter. Trueblood Wealth Management LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 1.4% during the fourth quarter. Trueblood Wealth Management LLC now owns 12,233 shares of the company’s stock worth $723,000 after purchasing an additional 167 shares during the last quarter. Pacific Sun Financial Corp grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 2.9% in the fourth quarter. Pacific Sun Financial Corp now owns 6,090 shares of the company’s stock valued at $360,000 after purchasing an additional 170 shares during the period. Wealth Effects LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers by 0.6% in the fourth quarter. Wealth Effects LLC now owns 34,830 shares of the company’s stock valued at $2,060,000 after purchasing an additional 200 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its position in First Trust NASDAQ Rising Dividend Achievers by 27.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 949 shares of the company’s stock worth $57,000 after buying an additional 203 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

RDVY opened at $52.72 on Monday. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $52.42 and a 12 month high of $64.63. The business has a 50-day moving average of $60.44 and a two-hundred day moving average of $60.69. The stock has a market capitalization of $12.04 billion, a price-to-earnings ratio of 14.89 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.2544 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 1.93%. This is an increase from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 27th.

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.