Concourse Financial Group Securities Inc. Purchases 10,835 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Concourse Financial Group Securities Inc. increased its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 31.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 45,576 shares of the company’s stock after acquiring an additional 10,835 shares during the quarter. Concourse Financial Group Securities Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,495,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in RDVY. Kingswood Wealth Advisors LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 3.5% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 5,573 shares of the company’s stock worth $305,000 after buying an additional 186 shares during the last quarter. IAG Wealth Partners LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers by 12.5% in the first quarter. IAG Wealth Partners LLC now owns 1,800 shares of the company’s stock valued at $101,000 after acquiring an additional 200 shares during the last quarter. Curtis Advisory Group LLC raised its position in First Trust NASDAQ Rising Dividend Achievers by 1.0% during the first quarter. Curtis Advisory Group LLC now owns 19,583 shares of the company’s stock valued at $1,100,000 after purchasing an additional 200 shares in the last quarter. Kaydan Wealth Management Inc. lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 1.1% during the first quarter. Kaydan Wealth Management Inc. now owns 18,651 shares of the company’s stock worth $1,048,000 after purchasing an additional 206 shares during the last quarter. Finally, SteelPeak Wealth LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 0.6% during the first quarter. SteelPeak Wealth LLC now owns 38,192 shares of the company’s stock worth $2,145,000 after purchasing an additional 223 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.3 %

Shares of RDVY traded down $0.15 during midday trading on Thursday, reaching $57.13. The stock had a trading volume of 589,923 shares, compared to its average volume of 739,937. The company has a market capitalization of $11.37 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The company’s 50-day moving average is $55.83 and its 200 day moving average is $54.68. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $43.30 and a 12-month high of $59.07.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a $0.2616 dividend. This represents a $1.05 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Thursday, June 27th.

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.