Avantax Advisory Services Inc. Lowers Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Avantax Advisory Services Inc. reduced its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 16.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 247,020 shares of the company's stock after selling 48,775 shares during the period. Avantax Advisory Services Inc. owned approximately 0.14% of First Trust NASDAQ Rising Dividend Achievers worth $12,764,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RDVY. Farmers & Merchants Investments Inc. bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 87.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 478 shares of the company's stock valued at $25,000 after buying an additional 223 shares during the last quarter. PFG Private Wealth Management LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $26,000. Arlington Trust Co LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth $29,000. Finally, Grove Bank & Trust purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $42,000.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.3 %

Shares of NASDAQ:RDVY traded down $0.14 during midday trading on Monday, hitting $55.10. 656,807 shares of the stock traded hands, compared to its average volume of 776,478. The business's 50 day moving average is $54.54 and its two-hundred day moving average is $51.45. The stock has a market capitalization of $10.43 billion, a PE ratio of 9.78 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a one year low of $43.30 and a one year high of $56.28.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were given a dividend of $0.2238 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Thursday, March 21st.

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.

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