Arete Wealth Advisors LLC Sells 672 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Arete Wealth Advisors LLC lessened its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 12.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,630 shares of the company’s stock after selling 672 shares during the quarter. Arete Wealth Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $273,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. LPL Financial LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 4.9% during the third quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock valued at $1,203,528,000 after buying an additional 953,708 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 18.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company’s stock valued at $376,283,000 after acquiring an additional 1,084,117 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 5,796.9% during the third quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock worth $402,823,000 after purchasing an additional 6,687,924 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 12.9% in the third quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock worth $309,720,000 after purchasing an additional 596,099 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 5.2% in the second quarter. Envestnet Asset Management Inc. now owns 3,209,445 shares of the company’s stock worth $175,717,000 after purchasing an additional 159,003 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $61.43 on Friday. The company has a 50 day simple moving average of $61.50 and a two-hundred day simple moving average of $58.14. The firm has a market cap of $12.66 billion, a PE ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $49.60 and a 1 year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.2956 dividend. The ex-dividend date of this dividend is Friday, December 13th.

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.