Founders Financial Alliance LLC Sells 715 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Founders Financial Alliance LLC cut its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 11.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,369 shares of the company’s stock after selling 715 shares during the quarter. Founders Financial Alliance LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $294,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of RDVY. Cetera Investment Advisers grew its stake in First Trust NASDAQ Rising Dividend Achievers by 10.3% in the 2nd quarter. Cetera Investment Advisers now owns 2,496,225 shares of the company’s stock valued at $136,668,000 after buying an additional 232,129 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.7% during the second quarter. Truist Financial Corp now owns 752,466 shares of the company’s stock worth $41,198,000 after acquiring an additional 85,018 shares during the period. B. Riley Wealth Advisors Inc. grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 5.3% in the second quarter. B. Riley Wealth Advisors Inc. now owns 45,848 shares of the company’s stock valued at $2,510,000 after purchasing an additional 2,326 shares during the last quarter. Traction Financial Partners LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 6.6% during the second quarter. Traction Financial Partners LLC now owns 230,311 shares of the company’s stock worth $13,066,000 after purchasing an additional 14,204 shares during the period. Finally, Gateway Wealth Partners LLC lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 10.1% during the 2nd quarter. Gateway Wealth Partners LLC now owns 77,216 shares of the company’s stock worth $4,228,000 after purchasing an additional 7,098 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

RDVY opened at $58.75 on Wednesday. The company has a market capitalization of $11.99 billion, a PE ratio of 10.08 and a beta of 1.15. The business has a fifty day simple moving average of $57.16 and a 200 day simple moving average of $55.75. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $43.30 and a 1 year high of $59.38.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared 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 of this dividend was Thursday, September 26th. This represents a $0.76 annualized dividend and a dividend yield of 1.30%.

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.