Simplicity Solutions LLC Reduces Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Simplicity Solutions LLC lowered its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 16.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 12,006 shares of the company’s stock after selling 2,323 shares during the quarter. Simplicity Solutions LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $620,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of RDVY. Farmers & Merchants Investments Inc. purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $25,000. Hazlett Burt & Watson Inc. lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 87.5% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 478 shares of the company’s stock worth $25,000 after buying an additional 223 shares during the period. PFG Private Wealth Management LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $26,000. Harbor Investment Advisory LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter worth approximately $29,000. Finally, Arlington Trust Co LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $29,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of NASDAQ:RDVY opened at $53.06 on Thursday. 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 P/E ratio of 9.85 and a beta of 1.15. The stock has a 50 day moving average price of $53.79 and a 200-day moving average price of $50.34.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were given a $0.2238 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Thursday, March 21st.

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.