SRS Capital Advisors Inc. Has $13.64 Million Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

SRS Capital Advisors Inc. lessened its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 0.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 249,054 shares of the company’s stock after selling 1,611 shares during the period. First Trust NASDAQ Rising Dividend Achievers makes up approximately 1.3% of SRS Capital Advisors Inc.’s investment portfolio, making the stock its 27th largest position. SRS Capital Advisors Inc. owned about 0.13% of First Trust NASDAQ Rising Dividend Achievers worth $13,636,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Flynn Zito Capital Management LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 3.0% in the second quarter. Flynn Zito Capital Management LLC now owns 19,485 shares of the company’s stock valued at $1,067,000 after acquiring an additional 572 shares in the last quarter. Private Advisor Group LLC boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 3.8% in the 2nd quarter. Private Advisor Group LLC now owns 1,611,084 shares of the company’s stock valued at $88,207,000 after purchasing an additional 59,099 shares during the period. N.E.W. Advisory Services LLC grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 14.3% during the 2nd quarter. N.E.W. Advisory Services LLC now owns 31,347 shares of the company’s stock worth $1,716,000 after purchasing an additional 3,927 shares in the last quarter. Belpointe Asset Management LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 18.3% during the second quarter. Belpointe Asset Management LLC now owns 14,657 shares of the company’s stock worth $802,000 after purchasing an additional 2,267 shares during the period. Finally, Consolidated Planning Corp raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 563.8% in the second quarter. Consolidated Planning Corp now owns 29,205 shares of the company’s stock valued at $1,599,000 after buying an additional 24,805 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY stock traded down $0.70 during trading on Friday, hitting $56.04. The company had a trading volume of 600,843 shares, compared to its average volume of 733,815. The firm has a market capitalization of $11.15 billion, a P/E ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a one year low of $43.30 and a one year high of $59.07. The stock’s 50-day moving average price is $56.52 and its 200 day moving average price is $55.19.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a dividend of $0.2616 per share. 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 1.87%.

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.