Stegent Equity Advisors Inc. trimmed its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY – Free Report) by 21.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,392 shares of the company’s stock after selling 20,442 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers accounts for 4.8% of Stegent Equity Advisors Inc.’s portfolio, making the stock its 3rd largest position. Stegent Equity Advisors Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $4,346,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers by 3.7% during the 2nd quarter. LPL Financial LLC now owns 19,372,722 shares of the company’s stock worth $1,060,656,000 after purchasing an additional 687,098 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 18.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company’s stock worth $376,283,000 after acquiring an additional 1,084,117 shares during the period. Commonwealth Equity Services LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 12.9% in the 3rd 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. Global Assets Advisory LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 5,315.6% in the 1st quarter. Global Assets Advisory LLC now owns 4,216,002 shares of the company’s stock worth $236,813,000 after purchasing an additional 4,138,153 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 5.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,209,445 shares of the company’s stock worth $175,717,000 after purchasing an additional 159,003 shares in the last quarter.
First Trust NASDAQ Rising Dividend Achievers Price Performance
Shares of RDVY traded down $0.22 during midday trading on Friday, hitting $60.57. The stock had a trading volume of 537,382 shares, compared to its average volume of 722,838. The firm has a market cap of $12.41 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The company has a 50 day simple moving average of $58.12 and a two-hundred day simple moving average of $56.16. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $43.30 and a twelve month high of $60.94.
First Trust NASDAQ Rising Dividend Achievers Cuts Dividend
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.
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