Eldridge Investment Advisors Inc. Lowers Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Eldridge Investment Advisors Inc. reduced its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 213,095 shares of the company’s stock after selling 7,368 shares during the period. First Trust NASDAQ Rising Dividend Achievers makes up approximately 2.9% of Eldridge Investment Advisors Inc.’s holdings, making the stock its 8th largest holding. Eldridge Investment Advisors Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $11,011,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Farmers & Merchants Investments Inc. bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $25,000. Hazlett Burt & Watson Inc. grew its position in First Trust NASDAQ Rising Dividend Achievers by 87.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 478 shares of the company’s stock worth $25,000 after acquiring an additional 223 shares during the last quarter. PFG Private Wealth Management LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $26,000. Arlington Trust Co LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $29,000. Finally, Grove Bank & Trust bought a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $42,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

RDVY traded up $0.46 during mid-day trading on Thursday, reaching $53.73. The stock had a trading volume of 407,193 shares, compared to its average volume of 785,677. The stock has a market capitalization of $10.15 billion, a P/E ratio of 9.78 and a beta of 1.15. The firm’s fifty day simple moving average is $54.25 and its two-hundred day simple moving average is $50.93. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $42.42 and a 52 week 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. Shareholders of record on Friday, March 22nd were given a $0.2238 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.90 dividend on an annualized basis and a yield of 1.67%.

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.