FSB Premier Wealth Management Inc. Sells 2,124 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

FSB Premier Wealth Management Inc. reduced its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 11.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,213 shares of the company’s stock after selling 2,124 shares during the quarter. FSB Premier Wealth Management Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $942,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in RDVY. Founders Financial Securities LLC boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 32.3% during the second quarter. Founders Financial Securities LLC now owns 48,798 shares of the company’s stock worth $2,672,000 after purchasing an additional 11,907 shares during the last quarter. Next Level Private LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 237.6% during the 2nd quarter. Next Level Private LLC now owns 234,422 shares of the company’s stock worth $12,835,000 after buying an additional 164,993 shares during the last quarter. Naviter Wealth LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 3.8% in the 2nd quarter. Naviter Wealth LLC now owns 129,960 shares of the company’s stock valued at $7,115,000 after acquiring an additional 4,750 shares in the last quarter. Legacy Capital Wealth Partners LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter valued at about $10,649,000. Finally, Equitable Trust Co. increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 22.4% in the second quarter. Equitable Trust Co. now owns 6,120 shares of the company’s stock valued at $335,000 after acquiring an additional 1,120 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of NASDAQ RDVY opened at $57.50 on Wednesday. The stock has a 50 day moving average price of $56.35 and a 200 day moving average price of $55.09. The stock has a market capitalization of $11.44 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 $43.30 and a 52 week high of $59.07.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed 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. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Thursday, June 27th.

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.