Orion Portfolio Solutions LLC Reduces Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Orion Portfolio Solutions LLC trimmed its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 31.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,897 shares of the company’s stock after selling 21,901 shares during the period. Orion Portfolio Solutions LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,777,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of RDVY. International Assets Investment Management LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 5,796.9% in 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 during the last quarter. Raymond James Financial Services Advisors Inc. lifted 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 buying an additional 1,084,117 shares in the last quarter. LPL Financial LLC lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% during the 3rd 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 in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 12.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock valued at $309,720,000 after buying an additional 596,099 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 47.3% during the 3rd quarter. HighTower Advisors LLC now owns 1,267,282 shares of the company’s stock valued at $75,007,000 after buying an additional 406,747 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.6 %

RDVY stock opened at $62.14 on Wednesday. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $49.00 and a twelve month high of $64.63. The stock has a market cap of $12.81 billion, a P/E ratio of 10.08 and a beta of 1.15. The business’s 50-day moving average price is $61.37 and its 200-day moving average price is $58.08.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given 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 dividend yield of 1.23%.

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.