Horizon Advisory Services Inc. Has $25.71 Million Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Horizon Advisory Services Inc. decreased its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 469,610 shares of the company’s stock after selling 11,950 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers comprises 12.3% of Horizon Advisory Services Inc.’s holdings, making the stock its 3rd largest holding. Horizon Advisory Services Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $25,711,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of RDVY. LPL Financial LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 3.7% in the second quarter. LPL Financial LLC now owns 19,372,722 shares of the company’s stock worth $1,060,656,000 after purchasing an additional 687,098 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 18.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company’s stock valued at $376,283,000 after buying an additional 1,084,117 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,634,769 shares of the company’s stock valued at $253,754,000 after purchasing an additional 210,398 shares during the period. Global Assets Advisory LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 5,315.6% during the 1st quarter. Global Assets Advisory LLC now owns 4,216,002 shares of the company’s stock valued at $236,813,000 after purchasing an additional 4,138,153 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 5.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,209,445 shares of the company’s stock valued at $175,717,000 after purchasing an additional 159,003 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.3 %

Shares of NASDAQ RDVY opened at $58.95 on Friday. The firm has a market capitalization of $11.73 billion, a P/E ratio of 10.08 and a beta of 1.15. The stock’s 50-day simple moving average is $57.08 and its two-hundred day simple moving average is $55.66. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $43.30 and a twelve month high of $59.38.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 26th will be issued a dividend of $0.1912 per share. This represents a $0.76 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, September 26th.

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.