Raymond James Trust N.A. Sells 742 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Raymond James Trust N.A. cut its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,209 shares of the company’s stock after selling 742 shares during the period. Raymond James Trust N.A.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $3,032,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RDVY. L & S Advisors Inc grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 1.0% during the 3rd quarter. L & S Advisors Inc now owns 19,350 shares of the company’s stock worth $1,146,000 after buying an additional 197 shares during the period. LPL Financial LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 4.9% during the 3rd quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock worth $1,203,528,000 after acquiring an additional 953,708 shares during the last quarter. Moors & Cabot Inc. acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the third quarter valued at approximately $271,000. Stonebridge Financial Planning Group LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers by 4.0% in the third quarter. Stonebridge Financial Planning Group LLC now owns 18,336 shares of the company’s stock valued at $1,086,000 after purchasing an additional 701 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the third quarter worth $1,513,000.

First Trust NASDAQ Rising Dividend Achievers Stock Up 1.0 %

Shares of RDVY stock opened at $63.72 on Friday. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $47.18 and a 12-month high of $63.78. The firm has a fifty day moving average of $60.05 and a 200-day moving average of $57.29. The firm has a market capitalization of $13.14 billion, a price-to-earnings 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 paid a $0.1912 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.76 dividend on an annualized basis and a yield of 1.20%.

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.