Denver Wealth Management Inc. Sells 1,654 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Denver Wealth Management Inc. trimmed its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVYFree Report) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 117,124 shares of the company’s stock after selling 1,654 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for approximately 3.4% of Denver Wealth Management Inc.’s holdings, making the stock its 10th largest holding. Denver Wealth Management Inc. owned approximately 0.07% of First Trust NASDAQ Rising Dividend Achievers worth $6,052,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. DAVENPORT & Co LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 4.4% in the 4th quarter. DAVENPORT & Co LLC now owns 6,761 shares of the company’s stock worth $349,000 after buying an additional 286 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth about $264,000. Pinnacle Financial Partners Inc purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth about $402,000. Clarus Wealth Advisors purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth about $744,000. Finally, PFG Private Wealth Management LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth about $26,000.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.9 %

Shares of First Trust NASDAQ Rising Dividend Achievers stock traded down $0.50 during trading hours on Tuesday, reaching $55.33. The stock had a trading volume of 547,788 shares, compared to its average volume of 822,959. The firm has a 50 day simple moving average of $53.10 and a two-hundred day simple moving average of $49.73. The firm has a market capitalization of $10.04 billion, a price-to-earnings ratio of 9.91 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $42.42 and a 1 year high of $56.28.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were issued a $0.2238 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.62%.

About First Trust NASDAQ Rising Dividend Achievers

(Free Report)

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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Institutional Ownership by Quarter for First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

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