Asset Allocation Strategies LLC Sells 49,391 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Asset Allocation Strategies LLC decreased its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 32.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 102,622 shares of the company's stock after selling 49,391 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers makes up 1.7% of Asset Allocation Strategies LLC's holdings, making the stock its 22nd largest holding. Asset Allocation Strategies LLC's holdings in First Trust NASDAQ Rising Dividend Achievers were worth $6,076,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Consolidated Portfolio Review Corp raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 7.9% during the second quarter. Consolidated Portfolio Review Corp now owns 118,045 shares of the company's stock valued at $6,463,000 after buying an additional 8,618 shares during the last quarter. Williams Financial LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter valued at $765,000. Raymond James & Associates lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 2.3% in the 2nd quarter. Raymond James & Associates now owns 2,818,055 shares of the company's stock worth $154,289,000 after purchasing an additional 64,200 shares in the last quarter. Spectrum Wealth Advisory Group LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter valued at about $12,392,000. Finally, D.A. Davidson & CO. grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.5% during the third quarter. D.A. Davidson & CO. now owns 674,180 shares of the company's stock valued at $39,918,000 after purchasing an additional 29,294 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of RDVY stock traded up $0.40 during trading hours on Wednesday, hitting $62.54. The stock had a trading volume of 779,752 shares, compared to its average volume of 718,189. The stock has a market capitalization of $12.89 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a one year low of $49.02 and a one year high of $64.63. The stock's 50-day moving average price is $61.37 and its two-hundred day moving average price is $58.08.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.1912 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Thursday, September 26th.

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.