MTM Investment Management LLC Sells 250 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

MTM Investment Management LLC lowered its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 34,234 shares of the company’s stock after selling 250 shares during the quarter. MTM Investment Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,025,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Sugarloaf Wealth Management LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at approximately $40,000. Sound Income Strategies LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $40,000. Eastern Bank bought a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $57,000. Blue Trust Inc. grew 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 valued at $72,000 after acquiring an additional 1,179 shares during the last quarter. Finally, Crewe Advisors LLC grew its position in First Trust NASDAQ Rising Dividend Achievers by 12.5% in 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.

First Trust NASDAQ Rising Dividend Achievers Trading Down 1.4 %

Shares of RDVY stock opened at $61.58 on Thursday. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $50.24 and a twelve month high of $64.63. The stock has a market capitalization of $13.43 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The stock has a fifty day simple moving average of $61.24 and a two-hundred day simple moving average of $59.89.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

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.