1776 Wealth LLC Trims Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

1776 Wealth LLC reduced its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 8.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,785 shares of the company’s stock after selling 604 shares during the quarter. 1776 Wealth LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $402,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Financial Services Advisory Inc increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 1.2% during the 3rd quarter. Financial Services Advisory Inc now owns 14,883 shares of the company’s stock worth $881,000 after purchasing an additional 170 shares during the period. Kingswood Wealth Advisors LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 3.5% in 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. Arkadios Wealth Advisors boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 0.3% in the 2nd quarter. Arkadios Wealth Advisors now owns 71,312 shares of the company’s stock worth $3,904,000 after purchasing an additional 228 shares in the last quarter. Old Port Advisors boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 3.9% in the 2nd quarter. Old Port Advisors now owns 6,728 shares of the company’s stock worth $368,000 after purchasing an additional 250 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 54.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 740 shares of the company’s stock worth $40,000 after purchasing an additional 260 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

RDVY stock traded down $0.58 during midday trading on Friday, reaching $61.90. The stock had a trading volume of 865,901 shares, compared to its average volume of 720,253. The stock has a market cap of $12.76 billion, a PE ratio of 10.08 and a beta of 1.15. The firm has a fifty day simple moving average of $59.58 and a two-hundred day simple moving average of $57.05. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $46.60 and a 52-week high of $63.72.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors 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 1.24%.

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.