Elios Financial Group Inc. Cuts Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Elios Financial Group Inc. trimmed its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 109,510 shares of the company’s stock after selling 4,177 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers accounts for approximately 3.1% of Elios Financial Group Inc.’s investment portfolio, making the stock its 7th largest holding. Elios Financial Group Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $6,476,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in RDVY. Cullen Frost Bankers Inc. bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at about $25,000. Graney & King LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth approximately $27,000. Sugarloaf Wealth Management LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at approximately $40,000. Sound Income Strategies LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at approximately $40,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 169.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 901 shares of the company’s stock valued at $53,000 after purchasing an additional 566 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Down 3.4 %

Shares of NASDAQ:RDVY opened at $54.06 on Friday. The business’s 50 day moving average is $59.35 and its 200 day moving average is $60.44. The stock has a market cap of $12.40 billion, a P/E ratio of 14.89 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $50.27 and a 52-week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.2544 per share. This is an increase from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 27th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.88%.

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.