U.S. Capital Wealth Advisors LLC Lowers Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

U.S. Capital Wealth Advisors LLC cut its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.1% in the 3rd quarter, Holdings Channel reports. The fund owned 130,849 shares of the company’s stock after selling 2,825 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $7,748,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 24,700.0% during 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 last quarter. Headlands Technologies LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers during the second quarter valued at approximately $29,000. Kings Path Partners LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the second quarter worth approximately $31,000. Russell Investments Group Ltd. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 1st quarter worth approximately $34,000. Finally, Rothschild Investment LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter valued at $34,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ:RDVY traded down $0.17 during trading hours on Wednesday, reaching $59.54. The company’s stock had a trading volume of 172,482 shares, compared to its average volume of 717,940. The firm has a market capitalization of $12.21 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The firm has a 50-day simple moving average of $58.30 and a 200-day simple moving average of $56.23. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $43.30 and a 1 year high of $60.94.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.1912 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.76 annualized dividend and a yield of 1.28%.

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.