International Assets Investment Management LLC Reduces Stake in First Trust NASDAQ Rising Dividend Achievers

International Assets Investment Management LLC has significantly decreased its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by an impressive 98.3% in the fourth quarter of the year. This reduction was disclosed in the company's latest 13F filing with the Securities and Exchange Commission (SEC). After the sale of 6,685,934 shares during the quarter, International Assets now holds 117,360 shares of RDVY. This latest position represents approximately 0.05% of the ETF, valued at around $6,923,000, as reported in the filing.

Other institutional investors have also made adjustments to their stakes in RDVY. For instance, Spectrum Wealth Advisory Group LLC acquired a new position in the ETF worth about $12,392,000 during the third quarter. Moreover, D.A. Davidson & Co. has increased its holdings by 4.5%, now owning 674,180 shares valued at $39,918,000 after purchasing an additional 29,294 shares in the last quarter. Other notable activities include Perennial Investment Advisors LLC, which lifted its stake by 6.5% in the second quarter and Claro Advisors LLC growing its position by 29.3% in the third quarter.

First Trust NASDAQ Rising Dividend Achievers Performance

On Wednesday, First Trust NASDAQ Rising Dividend Achievers (RDVY) saw its stock price decline by $0.48, closing at $59.56. The trading volume stood at 99,732 shares, significantly lower than the average volume of 707,419. The stock has experienced a 50-day moving average price of $61.49 and a two-hundred day moving average price of $58.83. Over the past year, RDVY has reached a low of $49.60 and a high of $64.63. Currently, the ETF has a market capitalization of $12.78 billion, a price-to-earnings (PE) ratio of 10.08, and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Dividend Update

The fund recently declared a dividend, which was disbursed on December 31st. The dividend amount was $0.2956 and was awarded to stockholders who were on record as of December 13th. The ex-dividend date for this distribution also fell on the same day, December 13th.

Overview of First Trust NASDAQ Rising Dividend Achievers

The First Trust NASDAQ Rising Dividend Achievers ETF (RDVY) is designed to mirror the NASDAQ US Rising Dividend Achievers index. This ETF focuses on tracking 50 large-cap stocks that are recognized for consistently increasing their high-quality dividends. Launched on January 6, 2014, RDVY is managed by First Trust.

Conclusion

International Assets Investment Management LLC's divestiture of its RDVY holdings alongside the shuffling of stakeholders reflects the dynamic landscape in ETF investments. Stakeholders and investors should continue to monitor changes in investment patterns and the performance of RDVY as they make their investment decisions.

investment, dividend, ETF