Kowal Investment Group LLC Sells 196 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Kowal Investment Group LLC trimmed its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.7% in the second quarter, Holdings Channel.com reports. The fund owned 6,973 shares of the company’s stock after selling 196 shares during the quarter. Kowal Investment Group LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $382,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Benjamin Edwards Inc. raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 95.1% during the second quarter. Benjamin Edwards Inc. now owns 6,356 shares of the company’s stock worth $348,000 after acquiring an additional 3,099 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 3.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 356,723 shares of the company’s stock worth $19,531,000 after acquiring an additional 12,417 shares during the last quarter. ProVise Management Group LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 26.1% during the second quarter. ProVise Management Group LLC now owns 9,182 shares of the company’s stock worth $503,000 after acquiring an additional 1,903 shares during the last quarter. WCG Wealth Advisors LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 9.6% during the second quarter. WCG Wealth Advisors LLC now owns 21,564 shares of the company’s stock worth $1,181,000 after acquiring an additional 1,888 shares during the last quarter. Finally, L & S Advisors Inc raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 8.2% during the second quarter. L & S Advisors Inc now owns 19,153 shares of the company’s stock worth $1,049,000 after acquiring an additional 1,452 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY stock opened at $58.75 on Friday. The company has a market cap of $11.69 billion, a P/E ratio of 10.08 and a beta of 1.15. The stock has a 50 day simple moving average of $57.00 and a two-hundred day simple moving average of $55.54. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $43.30 and a fifty-two week high of $59.33.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm 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 dividend on an annualized basis and a yield of 1.78%.

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.