Purus Wealth Management LLC Cuts Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Purus Wealth Management LLC trimmed its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 50,113 shares of the company’s stock after selling 1,348 shares during the period. First Trust NASDAQ Rising Dividend Achievers makes up about 1.2% of Purus Wealth Management LLC’s investment portfolio, making the stock its 20th largest holding. Purus Wealth Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,964,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of RDVY. Sugarloaf Wealth Management LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $40,000. Eastern Bank bought a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at about $57,000. Crewe Advisors LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% during the 3rd quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock valued at $97,000 after acquiring an additional 182 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the third quarter worth approximately $104,000. Finally, Venturi Wealth Management LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the third quarter valued at approximately $105,000.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.5 %

Shares of RDVY stock opened at $62.18 on Monday. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $49.60 and a 12-month high of $64.63. The stock has a market capitalization of $13.39 billion, a P/E ratio of 10.08 and a beta of 1.15. The firm’s 50 day moving average is $61.47 and its 200 day moving average is $59.16.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.2956 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.