StoneX Group Inc. Has $7.87 Million Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

StoneX Group Inc. lowered its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,952 shares of the company’s stock after selling 3,581 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers comprises 0.7% of StoneX Group Inc.’s portfolio, making the stock its 25th largest holding. StoneX Group Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $7,872,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 24,700.0% during the 1st quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock worth $28,000 after buying an additional 494 shares during the period. Headlands Technologies LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter worth $29,000. Kings Path Partners LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the second quarter valued at about $31,000. Russell Investments Group Ltd. acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the first quarter valued at about $34,000. Finally, Rothschild Investment LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the second quarter worth about $34,000.

First Trust NASDAQ Rising Dividend Achievers Stock Up 1.0 %

Shares of NASDAQ:RDVY opened at $63.72 on Friday. The company has a market cap of $13.14 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The business has a 50 day moving average price of $60.18 and a 200 day moving average price of $57.36. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $47.18 and a twelve month 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. Stockholders of record on Thursday, September 26th were paid a $0.1912 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.76 annualized dividend and a dividend yield of 1.20%.

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.