First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Shares Sold by PFG Advisors

PFG Advisors trimmed its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 1.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 182,257 shares of the company’s stock after selling 3,600 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers comprises 0.7% of PFG Advisors’ investment portfolio, making the stock its 28th biggest holding. PFG Advisors owned 0.09% of First Trust NASDAQ Rising Dividend Achievers worth $9,979,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Hazlett Burt & Watson Inc. lifted its position in First Trust NASDAQ Rising Dividend Achievers by 54.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 740 shares of the company’s stock worth $40,000 after acquiring an additional 260 shares during the period. LPL Financial LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 3.7% during the 2nd quarter. LPL Financial LLC now owns 19,372,722 shares of the company’s stock worth $1,060,656,000 after acquiring an additional 687,098 shares during the period. Headlands Technologies LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter worth approximately $29,000. Choreo LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 163.6% in the 2nd quarter. Choreo LLC now owns 10,530 shares of the company’s stock valued at $575,000 after buying an additional 6,536 shares during the period. Finally, Wedbush Securities Inc. lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 11.5% in the 2nd quarter. Wedbush Securities Inc. now owns 84,401 shares of the company’s stock valued at $4,621,000 after buying an additional 8,672 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

RDVY opened at $56.16 on Thursday. The business has a 50 day simple moving average of $56.61 and a 200-day simple moving average of $55.30. The stock has a market capitalization of $11.18 billion, a P/E ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $43.30 and a 12 month high of $59.07.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a dividend of $0.2616 per share. This represents a $1.05 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Thursday, June 27th.

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.