First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) is Beacon Financial Advisory LLC’s 6th Largest Position

Beacon Financial Advisory LLC trimmed its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 7.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,535 shares of the company’s stock after selling 7,362 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers accounts for approximately 1.9% of Beacon Financial Advisory LLC’s portfolio, making the stock its 6th largest holding. Beacon Financial Advisory LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $5,538,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 3.7% during the second quarter. LPL Financial LLC now owns 19,372,722 shares of the company’s stock valued at $1,060,656,000 after acquiring an additional 687,098 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in First Trust NASDAQ Rising Dividend Achievers by 18.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company’s stock valued at $376,283,000 after purchasing an additional 1,084,117 shares during the period. International Assets Investment Management LLC increased 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 purchasing an additional 6,687,924 shares during the last quarter. Commonwealth Equity Services LLC raised 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 purchasing an additional 596,099 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 5.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,209,445 shares of the company’s stock worth $175,717,000 after purchasing an additional 159,003 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

RDVY opened at $59.70 on Wednesday. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $45.15 and a fifty-two week high of $60.94. The firm has a 50-day moving average of $58.75 and a 200 day moving average of $56.61. The firm has a market cap of $12.31 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.1912 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date 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.