Fee Only Financial Planning L.C. Reduces Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Fee Only Financial Planning L.C. cut its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 6.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,635 shares of the company’s stock after selling 300 shares during the quarter. Fee Only Financial Planning L.C.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $274,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in RDVY. International Assets Investment Management LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers by 5,796.9% during the 3rd quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock valued at $402,823,000 after buying an additional 6,687,924 shares during the last quarter. Cetera Investment Advisers increased its position in First Trust NASDAQ Rising Dividend Achievers by 178.5% during the first quarter. Cetera Investment Advisers now owns 2,264,096 shares of the company’s stock valued at $127,174,000 after acquiring an additional 1,451,045 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 18.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company’s stock valued at $376,283,000 after acquiring an additional 1,084,117 shares during the period. LPL Financial LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 3.7% in the second 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 during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 12.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock valued at $309,720,000 after purchasing an additional 596,099 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.1 %

NASDAQ RDVY opened at $62.81 on Friday. The company has a 50-day moving average price of $59.03 and a 200-day moving average price of $56.78. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $45.15 and a 52 week high of $63.51. The firm has a market capitalization of $12.95 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 announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.1912 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.76 dividend on an annualized basis and a yield of 1.22%.

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.