Naviter Wealth LLC Trims Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Naviter Wealth LLC cut its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 18.6% in the first quarter, Holdings Channel.com reports. The fund owned 125,210 shares of the company’s stock after selling 28,543 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers comprises about 1.2% of Naviter Wealth LLC’s portfolio, making the stock its 18th largest holding. Naviter Wealth LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $7,033,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RDVY. Synergy Asset Management LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the first quarter valued at $281,000. tru Independence LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 19.6% during the first quarter. tru Independence LLC now owns 130,761 shares of the company’s stock worth $7,345,000 after acquiring an additional 21,436 shares during the period. WESPAC Advisors SoCal LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.0% during the first quarter. WESPAC Advisors SoCal LLC now owns 40,275 shares of the company’s stock worth $2,262,000 after acquiring an additional 1,567 shares during the period. Claro Advisors LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 1.2% during the first quarter. Claro Advisors LLC now owns 46,095 shares of the company’s stock worth $2,589,000 after acquiring an additional 529 shares during the period. Finally, HFG Advisors Inc. increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 6.0% during the first quarter. HFG Advisors Inc. now owns 92,199 shares of the company’s stock worth $5,179,000 after acquiring an additional 5,234 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.6 %

Shares of First Trust NASDAQ Rising Dividend Achievers stock traded up $0.32 on Tuesday, reaching $54.95. 907,034 shares of the stock were exchanged, compared to its average volume of 741,036. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $43.30 and a 1-year high of $56.28. The business has a fifty day moving average price of $54.76 and a two-hundred day moving average price of $53.46. The firm has a market capitalization of $10.40 billion, a PE ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a dividend of $0.2616 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.90%.

First Trust NASDAQ Rising Dividend Achievers 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.