Western Wealth Management LLC Has $19.25 Million Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Western Wealth Management LLC reduced its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 372,451 shares of the company’s stock after selling 10,866 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers comprises approximately 1.4% of Western Wealth Management LLC’s holdings, making the stock its 10th biggest position. Western Wealth Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $19,245,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in RDVY. International Assets Investment Management LLC raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 5,519.6% in the 4th quarter. International Assets Investment Management LLC now owns 6,615,517 shares of the company’s stock valued at $341,824,000 after acquiring an additional 6,497,795 shares in the last quarter. Morgan Stanley raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 8.1% in the 3rd quarter. Morgan Stanley now owns 12,995,589 shares of the company’s stock valued at $597,147,000 after acquiring an additional 969,819 shares in the last quarter. Royal Bank of Canada raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 36.3% in the 1st quarter. Royal Bank of Canada now owns 3,260,517 shares of the company’s stock valued at $159,766,000 after acquiring an additional 868,610 shares in the last quarter. LPL Financial LLC raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.5% in the 3rd quarter. LPL Financial LLC now owns 16,132,424 shares of the company’s stock valued at $741,285,000 after acquiring an additional 689,605 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 10.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,803,282 shares of the company’s stock worth $299,856,000 after buying an additional 557,879 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock traded down $0.01 during trading on Thursday, reaching $53.05. 765,309 shares of the company’s stock were exchanged, compared to its average volume of 803,185. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $42.42 and a 1-year high of $56.28. The company has a market cap of $9.94 billion, a P/E ratio of 9.85 and a beta of 1.15. The firm’s 50-day moving average price is $53.79 and its 200 day moving average price is $50.34.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were issued a dividend of $0.2238 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.69%.

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.