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

Eldridge Investment Advisors Inc. trimmed its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 1.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 43,656 shares of the company’s stock after selling 745 shares during the quarter. Eldridge Investment Advisors Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,582,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in RDVY. Cullen Frost Bankers Inc. bought a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth about $25,000. Sugarloaf Wealth Management LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at approximately $40,000. Sound Income Strategies LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at approximately $40,000. Eastern Bank purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $57,000. Finally, Blue Trust Inc. boosted its position in First Trust NASDAQ Rising Dividend Achievers by 2,807.1% in the 4th quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock worth $72,000 after purchasing an additional 1,179 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of RDVY stock opened at $58.45 on Friday. The stock has a 50 day simple moving average of $61.27 and a 200-day simple moving average of $60.55. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $52.78 and a 1-year high of $64.63. The company has a market cap of $12.75 billion, a price-to-earnings ratio of 14.78 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers 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.