Genesee Capital Advisors LLC Has $4.76 Million Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Genesee Capital Advisors LLC decreased its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 3.3% during the third quarter, HoldingsChannel reports. The firm owned 80,451 shares of the company’s stock after selling 2,763 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers accounts for approximately 2.3% of Genesee Capital Advisors LLC’s holdings, making the stock its 9th biggest position. Genesee Capital Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $4,763,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of RDVY. Denver Wealth Management Inc. lifted its position in First Trust NASDAQ Rising Dividend Achievers by 0.4% during the third quarter. Denver Wealth Management Inc. now owns 122,068 shares of the company’s stock valued at $7,228,000 after buying an additional 451 shares during the period. Castleview Partners LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 5.9% during the 3rd quarter. Castleview Partners LLC now owns 9,152 shares of the company’s stock valued at $542,000 after acquiring an additional 507 shares during the period. Cyndeo Wealth Partners LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 23.3% during the third quarter. Cyndeo Wealth Partners LLC now owns 6,310 shares of the company’s stock worth $374,000 after acquiring an additional 1,194 shares in the last quarter. Cedrus LLC grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 28.5% in the third quarter. Cedrus LLC now owns 217,793 shares of the company’s stock worth $12,896,000 after purchasing an additional 48,355 shares during the period. Finally, Whitaker Myers Wealth Managers LTD. increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 1.2% during the third quarter. Whitaker Myers Wealth Managers LTD. now owns 25,319 shares of the company’s stock valued at $1,499,000 after purchasing an additional 309 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Down 1.1 %

Shares of RDVY stock traded down $0.64 during trading hours on Monday, hitting $59.93. 262,896 shares of the company’s stock traded hands, compared to its average volume of 720,571. The stock’s fifty day simple moving average is $58.12 and its two-hundred day simple moving average is $56.17. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $43.30 and a 12-month high of $60.94. The stock has a market cap of $12.29 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

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. This represents a $0.76 annualized dividend and a yield of 1.28%. The ex-dividend date was Thursday, September 26th.

About First Trust NASDAQ Rising Dividend Achievers

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.