RFG Advisory LLC Decreases Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

RFG Advisory LLC lowered its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 7.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,450 shares of the company’s stock after selling 5,933 shares during the quarter. RFG Advisory LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $4,640,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC grew its stake in shares of 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 purchasing an additional 6,687,924 shares during the period. LPL Financial LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% in the third quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock worth $1,203,528,000 after buying an additional 953,708 shares during the last quarter. JPMorgan Chase & Co. grew its position in First Trust NASDAQ Rising Dividend Achievers by 135.8% during the third quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company’s stock valued at $66,838,000 after buying an additional 650,194 shares during the period. Commonwealth Equity Services LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 12.9% during the third quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock valued at $309,720,000 after buying an additional 596,099 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in First Trust NASDAQ Rising Dividend Achievers by 47.3% in the third quarter. HighTower Advisors LLC now owns 1,267,282 shares of the company’s stock worth $75,007,000 after acquiring an additional 406,747 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of RDVY stock opened at $62.88 on Friday. The company has a market cap of $13.60 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $50.24 and a 1 year high of $64.63. The firm has a fifty day moving average price of $61.44 and a 200-day moving average price of $59.29.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.2956 per share. The ex-dividend date was Friday, December 13th.

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.