Trexquant Investment LP Reduces Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Trexquant Investment LP trimmed its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,999 shares of the company’s stock after selling 199 shares during the quarter. Trexquant Investment LP’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $296,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. FMR LLC grew its stake in First Trust NASDAQ Rising Dividend Achievers by 13.8% in the 3rd quarter. FMR LLC now owns 23,339 shares of the company’s stock valued at $1,382,000 after acquiring an additional 2,822 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the third quarter valued at about $247,000. Pine Valley Investments Ltd Liability Co grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 2.9% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 229,330 shares of the company’s stock valued at $13,579,000 after purchasing an additional 6,397 shares during the last quarter. World Investment Advisors LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 54.9% during the 3rd quarter. World Investment Advisors LLC now owns 103,969 shares of the company’s stock worth $6,156,000 after purchasing an additional 36,863 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter worth approximately $104,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

RDVY stock opened at $54.96 on Monday. The stock’s 50 day moving average price is $59.20 and its 200 day moving average price is $60.43. The firm has a market cap of $12.64 billion, a P/E ratio of 14.89 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $50.27 and a 1 year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a dividend of $0.2544 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.85%. This is a positive change from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19.

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.