First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Shares Sold by Stegent Equity Advisors Inc.

Stegent Equity Advisors Inc. cut its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 21.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,392 shares of the company's stock after selling 20,442 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers accounts for 4.8% of Stegent Equity Advisors Inc.'s investment portfolio, making the stock its 3rd largest position. Stegent Equity Advisors Inc.'s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $4,346,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Consolidated Portfolio Review Corp grew 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 worth $6,463,000 after buying an additional 8,618 shares in the last quarter. tru Independence LLC grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 19.6% during the 1st quarter. tru Independence LLC now owns 130,761 shares of the company's stock worth $7,345,000 after acquiring an additional 21,436 shares in the last quarter. Blair William & Co. IL increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 9.3% in the 1st quarter. Blair William & Co. IL now owns 351,981 shares of the company's stock valued at $19,771,000 after purchasing an additional 30,086 shares during the last quarter. Williams Financial LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter valued at $765,000. Finally, Atria Investments Inc lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 28.0% during the 1st quarter. Atria Investments Inc now owns 97,657 shares of the company's stock worth $5,485,000 after purchasing an additional 21,379 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.4 %

NASDAQ:RDVY traded down $0.22 during trading hours on Friday, hitting $60.57. The company's stock had a trading volume of 537,382 shares, compared to its average volume of 722,838. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $43.30 and a 52-week high of $60.94. The stock has a market capitalization of $12.41 billion, a P/E ratio of 10.08 and a beta of 1.15. The stock has a fifty day moving average of $58.12 and a 200-day moving average of $56.17.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.1912 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.26%.

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.