Ausdal Financial Partners Inc. Sells 1,232 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Ausdal Financial Partners Inc. cut its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 3.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 33,502 shares of the company’s stock after selling 1,232 shares during the period. Ausdal Financial Partners Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,834,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of RDVY. Fisher Asset Management LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $274,000. Envestnet Portfolio Solutions Inc. increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 58.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 191,446 shares of the company’s stock worth $9,892,000 after buying an additional 70,893 shares in the last quarter. US Financial Advisors LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 2.9% in the 4th quarter. US Financial Advisors LLC now owns 183,854 shares of the company’s stock worth $9,500,000 after buying an additional 5,259 shares in the last quarter. Eudaimonia Partners LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 5.3% in the 4th quarter. Eudaimonia Partners LLC now owns 16,310 shares of the company’s stock worth $843,000 after buying an additional 824 shares in the last quarter. Finally, Foundations Investment Advisors LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 2.6% in the 4th quarter. Foundations Investment Advisors LLC now owns 189,198 shares of the company’s stock worth $9,702,000 after buying an additional 4,764 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ RDVY traded down $0.70 during trading hours on Friday, hitting $56.04. The company’s stock had a trading volume of 600,843 shares, compared to its average volume of 733,815. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $43.30 and a 12 month high of $59.07. The company’s 50 day simple moving average is $56.52 and its two-hundred day simple moving average is $55.21. The company has a market cap of $11.15 billion, a P/E 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 Friday, June 28th. Investors of record on Thursday, June 27th were issued a $0.2616 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.05 annualized dividend and a yield of 1.87%.

About First Trust NASDAQ Rising Dividend Achievers

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.