GDS Wealth Management Sells 422 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

GDS Wealth Management trimmed its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 10.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,455 shares of the company’s stock after selling 422 shares during the period. GDS Wealth Management’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $204,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. HFG Advisors Inc. increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 1.7% during the fourth quarter. HFG Advisors Inc. now owns 103,448 shares of the company’s stock valued at $6,118,000 after purchasing an additional 1,739 shares in the last quarter. Financial Partners Group Inc increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.1% during the fourth quarter. Financial Partners Group Inc now owns 487,911 shares of the company’s stock valued at $28,855,000 after acquiring an additional 19,369 shares in the last quarter. GPS Wealth Strategies Group LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 93.4% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 107,939 shares of the company’s stock worth $6,384,000 after purchasing an additional 52,122 shares during the last quarter. Avantra Family Wealth Inc. bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth approximately $240,000. Finally, Spire Wealth Management grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.0% during the fourth quarter. Spire Wealth Management now owns 87,530 shares of the company’s stock valued at $5,177,000 after buying an additional 3,387 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.4 %

Shares of NASDAQ RDVY opened at $62.47 on Wednesday. The firm has a market cap of $13.61 billion, a P/E ratio of 10.08 and a beta of 1.15. 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 $61.43 and a 200 day moving average of $59.67.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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