Iams Wealth Management LLC lowered its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 79.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,023 shares of the company's stock after selling 19,589 shares during the quarter. Iams Wealth Management LLC's holdings in First Trust NASDAQ Rising Dividend Achievers were worth $297,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its position in 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 acquiring an additional 494 shares during the period. Headlands Technologies LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers in the second quarter worth approximately $29,000. Kings Path Partners LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers in the second quarter worth approximately $31,000. Russell Investments Group Ltd. bought a new position in First Trust NASDAQ Rising Dividend Achievers in the first quarter worth approximately $34,000. Finally, Rothschild Investment LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter valued at $34,000.
First Trust NASDAQ Rising Dividend Achievers Price Performance
Shares of RDVY stock traded down $0.70 on Tuesday, hitting $59.92. 532,545 shares of the stock traded hands, compared to its average volume of 723,549. The firm has a market cap of $12.26 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $43.30 and a 52 week high of $60.90. The firm has a 50 day simple moving average of $57.77 and a two-hundred day simple moving average of $56.06.
First Trust NASDAQ Rising Dividend Achievers Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.1912 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.76 annualized dividend and a yield of 1.28%.
First Trust NASDAQ Rising Dividend Achievers Company Profile
(
Free Report)
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.
Recommended Stories
Before you consider First Trust NASDAQ Rising Dividend Achievers, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First Trust NASDAQ Rising Dividend Achievers wasn't on the list.
While First Trust NASDAQ Rising Dividend Achievers currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
