Purus Wealth Management LLC Sells 1,030 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Purus Wealth Management LLC cut its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,475 shares of the company’s stock after selling 1,030 shares during the period. First Trust NASDAQ Rising Dividend Achievers comprises about 1.2% of Purus Wealth Management LLC’s investment portfolio, making the stock its 20th largest position. Purus Wealth Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,818,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Harbour Investments Inc. grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 11.1% in the fourth quarter. Harbour Investments Inc. now owns 524,830 shares of the company’s stock worth $27,118,000 after purchasing an additional 52,344 shares during the last quarter. US Bancorp DE grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 107.5% in the fourth quarter. US Bancorp DE now owns 305,539 shares of the company’s stock worth $15,790,000 after purchasing an additional 158,285 shares during the last quarter. Focus Financial Network Inc. ADV bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth about $4,151,000. ORBA Wealth Advisors L.L.C. bought a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth about $4,565,000. Finally, Steward Partners Investment Solutions LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth about $1,903,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $58.05 on Wednesday. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $43.30 and a 1 year high of $59.07. The firm’s 50-day moving average is $56.83 and its two-hundred day moving average is $55.44. The stock has a market cap of $11.55 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were issued a dividend of $0.2616 per share. This represents a $1.05 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Thursday, June 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.