PFG Investments LLC Sells 107,676 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

PFG Investments LLC trimmed its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 93.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 7,141 shares of the company’s stock after selling 107,676 shares during the quarter. PFG Investments LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $391,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of RDVY. First Heartland Consultants Inc. raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 0.3% during the 4th quarter. First Heartland Consultants Inc. now owns 238,470 shares of the company’s stock valued at $12,322,000 after acquiring an additional 786 shares during the last quarter. Great Lakes Advisors LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $239,000. Financial Advocates Investment Management boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 36.8% during the fourth quarter. Financial Advocates Investment Management now owns 267,819 shares of the company’s stock worth $13,838,000 after buying an additional 72,107 shares during the last quarter. Brown Advisory Inc. grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.8% during the 4th quarter. Brown Advisory Inc. now owns 28,756 shares of the company’s stock worth $1,486,000 after buying an additional 1,323 shares during the period. Finally, Main Street Financial Solutions LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 7.1% in the 4th quarter. Main Street Financial Solutions LLC now owns 55,805 shares of the company’s stock valued at $2,883,000 after acquiring an additional 3,686 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

First Trust NASDAQ Rising Dividend Achievers stock opened at $56.52 on Friday. The firm has a market capitalization of $11.25 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The company’s 50 day simple moving average is $56.64 and its 200 day simple moving average is $55.30. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $43.30 and a fifty-two week high of $59.07.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were issued a $0.2616 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.05 annualized dividend and a yield of 1.85%.

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.