Family Capital Management Inc. Reduces Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Family Capital Management Inc. decreased its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 20,414 shares of the company’s stock after selling 511 shares during the period. First Trust NASDAQ Rising Dividend Achievers makes up 0.8% of Family Capital Management Inc.’s holdings, making the stock its 26th largest holding. Family Capital Management Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also modified their holdings of RDVY. BNP Paribas Financial Markets raised its position in First Trust NASDAQ Rising Dividend Achievers by 24,700.0% during the first quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock worth $28,000 after acquiring an additional 494 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter worth approximately $29,000. Kings Path Partners LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter worth approximately $31,000. Russell Investments Group Ltd. acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 1st quarter worth approximately $34,000. Finally, Rothschild Investment LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter valued at approximately $34,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of NASDAQ:RDVY opened at $63.72 on Friday. The business’s fifty day moving average price is $60.18 and its two-hundred day moving average price is $57.36. The stock has a market cap of $13.14 billion, a PE ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a one year low of $47.18 and a one year high of $63.78.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.1912 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Thursday, September 26th.

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.