World Equity Group Inc. Reduces Stock Holdings in First Trust NASDAQ Rising Dividend Achievers

World Equity Group Inc. has reduced its stake in the shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 13.1% during the fourth quarter, as indicated in its latest filing with the Securities and Exchange Commission (SEC). Following the sale of 5,894 shares during this period, World Equity Group Inc. now holds 39,098 shares of the stock, which is valued at approximately $2,312,000 according to the most recent SEC documents.

Several other institutional investors have also made adjustments to their positions in First Trust NASDAQ Rising Dividend Achievers. Notably, Marshall Investment Management LLC acquired a new stake in the fourth quarter valued at around $6,751,000. Pinnacle Financial Partners Inc. increased its holdings by 9.6% during the same period, bringing its total to 8,167 shares, worth $483,000 after purchasing an additional 712 shares. Additionally, Winebrenner Capital Management LLC initiated a new investment in First Trust NASDAQ Rising Dividend Achievers valued at $1,226,000. Element Wealth LLC raised its ownership by 29.0%, now holding 5,370 shares worth $318,000 after adding 1,207 shares to its portfolio. Lastly, Matauro LLC also acquired a new position worth $206,000 in the fourth quarter.

Stock Performance of First Trust NASDAQ Rising Dividend Achievers

As of Friday, RDVY stock opened at $61.25. The company’s fifty-day moving average stands at $61.24, while its two-hundred day moving average is $60.17. First Trust NASDAQ Rising Dividend Achievers boasts a market capitalization of $13.65 billion, with a P/E ratio of 14.00 and a beta of 1.13. The stock has recorded a fifty-two week low of $51.90 and a high of $64.63.

Dividend Announcement from First Trust NASDAQ Rising Dividend Achievers

Recently, the company declared a dividend which was disbursed on Tuesday, December 31st. Shareholders who were on record as of Friday, December 13th, received a dividend payment of $0.2956. The ex-dividend date for this distribution was also set for Friday, December 13th.

Overview of First Trust NASDAQ Rising Dividend Achievers

The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that tracks the NASDAQ US Rising Dividend Achievers index. This fund monitors an index comprised of 50 large-cap stocks known for their increasing, high-quality dividends. First Trust launched RDVY on January 6, 2014, and it continues to be managed by the firm.

Investment Consideration

Before making investment decisions regarding First Trust NASDAQ Rising Dividend Achievers, investors may want to explore various options. Research analysts frequently monitor the top-performing stocks, recommending some as suitable investments. Presently, analysts have assigned a "Hold" rating to First Trust NASDAQ Rising Dividend Achievers, suggesting that there may be more attractive options available in the market.

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