International Assets Investment Management LLC reduced its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 98.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,360 shares of the company's stock after selling 6,685,934 shares during the quarter. International Assets Investment Management LLC owned about 0.05% of First Trust NASDAQ Rising Dividend Achievers worth $6,923,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in RDVY. Spectrum Wealth Advisory Group LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter worth approximately $12,392,000. D.A. Davidson & CO. increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.5% in the 3rd quarter. D.A. Davidson & CO. now owns 674,180 shares of the company's stock valued at $39,918,000 after acquiring an additional 29,294 shares during the last quarter. Perennial Investment Advisors LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 6.5% in the 2nd quarter. Perennial Investment Advisors LLC now owns 324,521 shares of the company's stock worth $17,767,000 after purchasing an additional 19,794 shares in the last quarter. Claro Advisors LLC grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 29.3% during the third quarter. Claro Advisors LLC now owns 62,771 shares of the company's stock valued at $3,717,000 after purchasing an additional 14,235 shares in the last quarter. Finally, Elios Financial Group Inc. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the third quarter worth about $6,731,000.
NASDAQ:RDVY traded down $0.48 during trading hours on Wednesday, reaching $59.56. The stock had a trading volume of 99,732 shares, compared to its average volume of 707,419. The company has a 50 day moving average price of $61.49 and a two-hundred day moving average price of $58.83. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $49.60 and a 52 week high of $64.63. The stock has a market capitalization of $12.78 billion, a PE ratio of 10.08 and a beta of 1.15.
The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.2956 dividend. The ex-dividend date of this dividend was Friday, December 13th.
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.
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