Mutual Advisors LLC Decreases Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Mutual Advisors LLC trimmed its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,784 shares of the company’s stock after selling 1,520 shares during the quarter. Mutual Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,081,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of RDVY. LPL Financial LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 3.7% in the second quarter. LPL Financial LLC now owns 19,372,722 shares of the company’s stock valued at $1,060,656,000 after purchasing an additional 687,098 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 18.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company’s stock valued at $376,283,000 after buying an additional 1,084,117 shares during the period. International Assets Investment Management LLC lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 5,796.9% during the 3rd quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock valued at $402,823,000 after buying an additional 6,687,924 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 12.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock worth $309,720,000 after acquiring an additional 596,099 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 5.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,209,445 shares of the company’s stock worth $175,717,000 after acquiring an additional 159,003 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.4 %

NASDAQ RDVY opened at $60.01 on Thursday. The company has a market cap of $12.33 billion, a PE ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $43.82 and a 52 week high of $60.94. The firm’s 50-day simple moving average is $58.64 and its two-hundred day simple moving average is $56.43.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.1912 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Thursday, September 26th.

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.