American Financial Advisors LLC Sells 2,151 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

American Financial Advisors LLC lowered its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,793 shares of the company’s stock after selling 2,151 shares during the quarter. American Financial Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,333,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RDVY. International Assets Investment Management LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers by 5,519.6% in the fourth quarter. International Assets Investment Management LLC now owns 6,615,517 shares of the company’s stock valued at $341,824,000 after acquiring an additional 6,497,795 shares during the period. Morgan Stanley grew its stake in First Trust NASDAQ Rising Dividend Achievers by 8.1% during the third quarter. Morgan Stanley now owns 12,995,589 shares of the company’s stock worth $597,147,000 after buying an additional 969,819 shares during the last quarter. Royal Bank of Canada lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 36.3% in the first quarter. Royal Bank of Canada now owns 3,260,517 shares of the company’s stock valued at $159,766,000 after buying an additional 868,610 shares during the period. LPL Financial LLC lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.5% in the third quarter. LPL Financial LLC now owns 16,132,424 shares of the company’s stock valued at $741,285,000 after buying an additional 689,605 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 10.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 5,803,282 shares of the company’s stock valued at $299,856,000 after buying an additional 557,879 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.6 %

NASDAQ RDVY traded up $0.34 during trading hours on Friday, hitting $53.39. The company’s stock had a trading volume of 902,007 shares, compared to its average volume of 804,486. The stock has a fifty day moving average of $53.83 and a 200 day moving average of $50.36. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $42.42 and a twelve month high of $56.28. The firm has a market capitalization of $10.00 billion, a P/E ratio of 9.85 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were issued a $0.2238 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.90 annualized dividend and a yield of 1.68%.

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.