RFG Advisory LLC Lowers Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

RFG Advisory LLC reduced its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 7.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 78,450 shares of the company’s stock after selling 5,933 shares during the period. RFG Advisory LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $4,640,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.9% in the 3rd 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. International Assets Investment Management LLC raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 5,796.9% during the third quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock valued at $402,823,000 after acquiring an additional 6,687,924 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 12.9% in the third quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock valued at $309,720,000 after acquiring an additional 596,099 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 10.3% in the second quarter. Cetera Investment Advisers now owns 2,496,225 shares of the company’s stock worth $136,668,000 after acquiring an additional 232,129 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,862,913 shares of the company’s stock worth $101,994,000 after purchasing an additional 71,047 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.3 %

Shares of RDVY opened at $62.88 on Friday. The business’s 50 day moving average is $61.44 and its 200 day moving average is $59.29. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $50.24 and a 12-month high of $64.63. The company has a market capitalization of $13.60 billion, a PE ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.2956 dividend. The ex-dividend date was Friday, December 13th.

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.