Family Capital Management Inc. Trims Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Family Capital Management Inc. decreased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 11.2% during the fourth quarter, HoldingsChannel reports. The firm owned 23,596 shares of the company’s stock after selling 2,976 shares during the period. First Trust NASDAQ Rising Dividend Achievers comprises 0.9% of Family Capital Management Inc.’s portfolio, making the stock its 26th largest holding. Family Capital Management Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,219,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Tranquility Partners LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 9.0% in the 4th quarter. Tranquility Partners LLC now owns 14,244 shares of the company’s stock worth $736,000 after purchasing an additional 1,178 shares in the last quarter. Ergawealth Advisors Inc. boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 18.3% during the 4th quarter. Ergawealth Advisors Inc. now owns 219,104 shares of the company’s stock worth $11,321,000 after purchasing an additional 33,833 shares during the last quarter. Dakota Wealth Management acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at about $3,147,000. Grove Bank & Trust acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at about $42,000. Finally, Root Financial Partners LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 3.2% in the fourth quarter. Root Financial Partners LLC now owns 30,059 shares of the company’s stock valued at $1,553,000 after buying an additional 920 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.0 %

NASDAQ:RDVY traded down $0.01 on Thursday, reaching $53.05. 765,304 shares of the company’s stock were exchanged, compared to its average volume of 803,185. The business has a fifty day moving average of $53.79 and a 200-day moving average of $50.34. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $42.42 and a 52-week high of $56.28. The firm has a market capitalization of $9.94 billion, a price-to-earnings ratio of 9.85 and a beta of 1.15.

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. This represents a $0.90 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Thursday, March 21st.

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.