World Equity Group Inc. Decreases Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

World Equity Group Inc. decreased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 13.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,098 shares of the company’s stock after selling 5,894 shares during the period. World Equity Group Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Marshall Investment Management LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $6,751,000. Pinnacle Financial Partners Inc lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 9.6% in the 4th quarter. Pinnacle Financial Partners Inc now owns 8,167 shares of the company’s stock valued at $483,000 after purchasing an additional 712 shares in the last quarter. Winebrenner Capital Management LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $1,226,000. Element Wealth LLC lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 29.0% in the 4th quarter. Element Wealth LLC now owns 5,370 shares of the company’s stock valued at $318,000 after purchasing an additional 1,207 shares in the last quarter. Finally, Matauro LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $206,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY stock opened at $61.25 on Friday. The stock’s fifty day moving average is $61.24 and its two-hundred day moving average is $60.17. The firm has a market capitalization of $13.65 billion, a P/E ratio of 14.00 and a beta of 1.13. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $51.90 and a fifty-two week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed 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.