Venturi Wealth Management LLC Sells 1,137 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Venturi Wealth Management LLC trimmed its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 64.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 630 shares of the company’s stock after selling 1,137 shares during the quarter. Venturi Wealth Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $37,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. LPL Financial LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% in the third quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock valued at $1,203,528,000 after buying an additional 953,708 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 2.2% in the third quarter. Stifel Financial Corp now owns 1,675,769 shares of the company’s stock valued at $99,224,000 after buying an additional 35,479 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 47.3% in the third quarter. HighTower Advisors LLC now owns 1,267,282 shares of the company’s stock valued at $75,007,000 after buying an additional 406,747 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 135.8% in the third quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company’s stock valued at $66,838,000 after buying an additional 650,194 shares during the last quarter. Finally, Csenge Advisory Group raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 3.0% in the fourth quarter. Csenge Advisory Group now owns 1,115,963 shares of the company’s stock valued at $65,998,000 after buying an additional 32,540 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

First Trust NASDAQ Rising Dividend Achievers stock opened at $61.36 on Wednesday. The stock has a 50-day simple moving average of $61.24 and a 200 day simple moving average of $60.30. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $52.26 and a 12-month high of $64.63. The stock has a market capitalization of $13.39 billion, a price-to-earnings ratio of 14.00 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders 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.

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.