First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 75.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,661 shares of the company’s stock after selling 11,541 shares during the quarter. Park Avenue Securities LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $217,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of RDVY. BNP Paribas Financial Markets boosted its holdings in shares of 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 valued at $28,000 after acquiring an additional 494 shares in the last quarter. Headlands Technologies LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter worth approximately $29,000. Kings Path Partners LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter worth approximately $31,000. Russell Investments Group Ltd. acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 1st quarter valued at approximately $34,000. Finally, Rothschild Investment LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the second quarter valued at approximately $34,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ:RDVY opened at $60.62 on Tuesday. The stock has a market capitalization of $12.41 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $43.30 and a 1 year high of $60.67. The stock has a fifty day moving average price of $57.66 and a two-hundred day moving average price of $56.04.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.1912 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.76 dividend on an annualized basis and a 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.