SRS Capital Advisors Inc. decreased its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY – Free Report) by 0.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 249,054 shares of the company’s stock after selling 1,611 shares during the period. First Trust NASDAQ Rising Dividend Achievers makes up 1.3% of SRS Capital Advisors Inc.’s investment portfolio, making the stock its 27th largest position. SRS Capital Advisors Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $13,636,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of RDVY. Kingswood Wealth Advisors LLC lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 3.5% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 5,573 shares of the company’s stock worth $305,000 after purchasing an additional 186 shares in the last quarter. IAG Wealth Partners LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% in the first quarter. IAG Wealth Partners LLC now owns 1,800 shares of the company’s stock worth $101,000 after buying an additional 200 shares in the last quarter. Curtis Advisory Group LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 1.0% in the first quarter. Curtis Advisory Group LLC now owns 19,583 shares of the company’s stock valued at $1,100,000 after acquiring an additional 200 shares during the period. Kaydan Wealth Management Inc. boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 1.1% in the first quarter. Kaydan Wealth Management Inc. now owns 18,651 shares of the company’s stock valued at $1,048,000 after acquiring an additional 206 shares during the period. Finally, SteelPeak Wealth LLC grew its stake in First Trust NASDAQ Rising Dividend Achievers by 0.6% during the first quarter. SteelPeak Wealth LLC now owns 38,192 shares of the company’s stock valued at $2,145,000 after acquiring an additional 223 shares in the last quarter.
First Trust NASDAQ Rising Dividend Achievers Stock Performance
First Trust NASDAQ Rising Dividend Achievers stock traded down $0.70 during midday trading on Friday, reaching $56.04. 600,843 shares of the stock were exchanged, compared to its average volume of 733,815. The company’s fifty day moving average is $56.52 and its 200-day moving average is $55.19. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $43.30 and a 52 week high of $59.07. The firm has a market cap of $11.15 billion, a PE ratio of 10.08 and a beta of 1.15.
First Trust NASDAQ Rising Dividend Achievers Cuts Dividend
About First Trust NASDAQ Rising Dividend Achievers
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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