First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Shares Sold by Trexquant Investment LP

Trexquant Investment LP cut its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 3.8% in the 4th quarter, HoldingsChannel reports. The fund owned 4,999 shares of the company’s stock after selling 199 shares during the period. Trexquant Investment LP’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $296,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. FMR LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 13.8% during the 3rd quarter. FMR LLC now owns 23,339 shares of the company’s stock valued at $1,382,000 after purchasing an additional 2,822 shares in the last quarter. Captrust Financial Advisors acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the third quarter valued at $247,000. Pine Valley Investments Ltd Liability Co boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 2.9% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 229,330 shares of the company’s stock valued at $13,579,000 after buying an additional 6,397 shares in the last quarter. World Investment Advisors LLC grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 54.9% during the third quarter. World Investment Advisors LLC now owns 103,969 shares of the company’s stock worth $6,156,000 after acquiring an additional 36,863 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the third quarter worth about $104,000.

First Trust NASDAQ Rising Dividend Achievers Trading Up 1.7 %

NASDAQ:RDVY opened at $54.96 on Monday. The company has a 50-day moving average of $59.20 and a 200-day moving average of $60.43. The firm has a market cap of $12.64 billion, a price-to-earnings ratio of 14.89 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $50.27 and a twelve month high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.2544 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.85%. This is a boost 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 Company 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.