POM Investment Strategies LLC Has $7.38 Million Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

POM Investment Strategies LLC decreased its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 134,873 shares of the company’s stock after selling 3,860 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers makes up 5.9% of POM Investment Strategies LLC’s holdings, making the stock its 5th largest holding. POM Investment Strategies LLC owned 0.07% of First Trust NASDAQ Rising Dividend Achievers worth $7,384,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Wells Fargo & Company MN raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 1.0% during the 4th quarter. Wells Fargo & Company MN now owns 7,955,014 shares of the company’s stock valued at $411,036,000 after buying an additional 79,637 shares in 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 worth $376,283,000 after acquiring an additional 1,084,117 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in First Trust NASDAQ Rising Dividend Achievers by 10.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 4,424,371 shares of the company’s stock worth $248,517,000 after acquiring an additional 435,104 shares in the last quarter. Global Assets Advisory LLC grew its stake in First Trust NASDAQ Rising Dividend Achievers by 5,315.6% in the 1st quarter. Global Assets Advisory LLC now owns 4,216,002 shares of the company’s stock worth $236,813,000 after acquiring an additional 4,138,153 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 2.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,919,944 shares of the company’s stock worth $150,873,000 after purchasing an additional 78,257 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ:RDVY traded up $1.02 during midday trading on Friday, reaching $58.04. 631,009 shares of the stock traded hands, compared to its average volume of 740,165. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $43.30 and a 12-month high of $59.07. The business has a 50-day moving average of $55.96 and a two-hundred day moving average of $54.77. The stock has a market capitalization of $11.55 billion, a PE ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a $0.2616 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.80%.

About First Trust NASDAQ Rising Dividend Achievers

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.