KPP Advisory Services LLC Sells 10,537 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

KPP Advisory Services LLC cut its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 65.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,564 shares of the company’s stock after selling 10,537 shares during the period. KPP Advisory Services LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $329,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RDVY. BNP Paribas Financial Markets increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 24,700.0% in the first 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 bought a new position in First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter worth approximately $29,000. Kings Path Partners LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter worth approximately $31,000. Russell Investments Group Ltd. purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the 1st quarter worth approximately $34,000. Finally, Rothschild Investment LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the second quarter valued at approximately $34,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $61.90 on Friday. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $46.60 and a 52-week high of $63.72. The company’s 50 day moving average price is $59.58 and its 200-day moving average price is $57.05. The stock has a market capitalization of $12.76 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.1912 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Thursday, September 26th.

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.