Raymond James Trust N.A. Has $3.03 Million Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Raymond James Trust N.A. decreased its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 1.4% in the 3rd quarter, Holdings Channel reports. The fund owned 51,209 shares of the company’s stock after selling 742 shares during the quarter. Raymond James Trust N.A.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,032,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. L & S Advisors Inc increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 1.0% during the 3rd quarter. L & S Advisors Inc now owns 19,350 shares of the company’s stock worth $1,146,000 after purchasing an additional 197 shares in the last quarter. LPL Financial LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% during the third quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock worth $1,203,528,000 after buying an additional 953,708 shares during the period. Moors & Cabot Inc. acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the third quarter worth about $271,000. Stonebridge Financial Planning Group LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.0% during the third quarter. Stonebridge Financial Planning Group LLC now owns 18,336 shares of the company’s stock worth $1,086,000 after buying an additional 701 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter valued at approximately $1,513,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ RDVY opened at $63.72 on Friday. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $47.18 and a 52 week high of $63.78. The stock’s 50 day moving average price is $60.05 and its two-hundred day moving average price is $57.29. The stock has a market capitalization of $13.14 billion, a price-to-earnings 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 Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.1912 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.20%. 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.