First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Position Decreased by Traction Financial Partners LLC

Traction Financial Partners LLC lowered its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 11.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 204,634 shares of the company’s stock after selling 25,677 shares during the period. First Trust NASDAQ Rising Dividend Achievers makes up approximately 9.5% of Traction Financial Partners LLC’s investment portfolio, making the stock its 3rd largest holding. Traction Financial Partners LLC owned 0.10% of First Trust NASDAQ Rising Dividend Achievers worth $12,116,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its position 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 buying an additional 494 shares in the last quarter. Headlands Technologies LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter valued at about $29,000. Kings Path Partners LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter worth approximately $31,000. Russell Investments Group Ltd. purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the first quarter valued at approximately $34,000. Finally, Rothschild Investment LLC acquired 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 Up 0.1 %

NASDAQ RDVY traded up $0.09 on Thursday, reaching $62.80. The stock had a trading volume of 179,291 shares, compared to its average volume of 717,108. The stock has a fifty day moving average price of $59.35 and a two-hundred day moving average price of $56.96. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $46.60 and a 12-month high of $63.72. The firm has a market capitalization of $12.95 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.1912 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.76 dividend on an annualized basis and a yield of 1.22%.

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.