Cottonwood Capital Advisors LLC Has $5.80 Million Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Cottonwood Capital Advisors LLC reduced its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 4.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 98,004 shares of the company’s stock after selling 4,639 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers makes up 4.2% of Cottonwood Capital Advisors LLC’s investment portfolio, making the stock its 4th largest holding. Cottonwood Capital Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $5,796,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Spectrum Wealth Advisory Group LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter valued at about $12,392,000. D.A. Davidson & CO. grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.5% in the 3rd quarter. D.A. Davidson & CO. now owns 674,180 shares of the company’s stock valued at $39,918,000 after buying an additional 29,294 shares during the period. Claro Advisors LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 29.3% in the third quarter. Claro Advisors LLC now owns 62,771 shares of the company’s stock worth $3,717,000 after acquiring an additional 14,235 shares in the last quarter. Elios Financial Group Inc. acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter worth approximately $6,731,000. Finally, ORG Partners LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 259.3% in the 4th quarter. ORG Partners LLC now owns 202,120 shares of the company’s stock worth $11,953,000 after purchasing an additional 145,866 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.6 %

Shares of RDVY opened at $62.52 on Friday. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $50.24 and a twelve month high of $64.63. The company has a 50 day moving average of $61.46 and a 200-day moving average of $59.37. The stock has a market capitalization of $13.52 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

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.