First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Shares Sold by Pitti Group Wealth Management LLC

Pitti Group Wealth Management LLC lowered its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 4.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 24,761 shares of the company’s stock after selling 1,145 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers comprises about 1.5% of Pitti Group Wealth Management LLC’s portfolio, making the stock its 20th largest position. Pitti Group Wealth Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,464,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $25,000. Sound Income Strategies LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $40,000. Sugarloaf Wealth Management LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $40,000. Eastern Bank acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $57,000. Finally, Blue Trust Inc. boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during 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 during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

RDVY opened at $58.45 on Monday. First Trust NASDAQ Rising Dividend Achievers has a one year low of $52.78 and a one year high of $64.63. The stock has a market capitalization of $12.75 billion, a PE ratio of 14.78 and a beta of 1.15. The business’s 50 day moving average price is $61.27 and its 200 day moving average price is $60.57.

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.