Concorde Asset Management LLC Sells 1,230 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Concorde Asset Management LLC trimmed its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 20.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,829 shares of the company’s stock after selling 1,230 shares during the quarter. Concorde Asset Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $286,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 24,700.0% in the 1st quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock valued at $28,000 after purchasing an additional 494 shares during the period. Headlands Technologies LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter valued at about $29,000. Kings Path Partners LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter valued at about $31,000. Russell Investments Group Ltd. acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the 1st quarter valued at about $34,000. Finally, Rothschild Investment LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter valued at about $34,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY opened at $63.09 on Friday. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $47.13 and a 52 week high of $63.72. The firm has a market cap of $13.01 billion, a P/E ratio of 10.08 and a beta of 1.15. The firm’s 50-day simple moving average is $59.92 and its 200 day simple moving average is $57.25.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.1912 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.76 dividend on an annualized basis and a yield of 1.21%.

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.