Mayflower Financial Advisors LLC Sells 321 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Mayflower Financial Advisors LLC reduced its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,642 shares of the company’s stock after selling 321 shares during the period. Mayflower Financial Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,045,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Financial Services Advisory Inc raised its stake in First Trust NASDAQ Rising Dividend Achievers by 1.2% during the 3rd quarter. Financial Services Advisory Inc now owns 14,883 shares of the company’s stock worth $881,000 after buying an additional 170 shares during the period. Kingswood Wealth Advisors LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 3.5% during the second quarter. Kingswood Wealth Advisors LLC now owns 5,573 shares of the company’s stock worth $305,000 after purchasing an additional 186 shares during the period. Arkadios Wealth Advisors lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 0.3% during the 2nd quarter. Arkadios Wealth Advisors now owns 71,312 shares of the company’s stock valued at $3,904,000 after purchasing an additional 228 shares in the last quarter. Old Port Advisors grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 3.9% in the 2nd quarter. Old Port Advisors now owns 6,728 shares of the company’s stock valued at $368,000 after purchasing an additional 250 shares during the period. Finally, Hazlett Burt & Watson Inc. increased its stake in First Trust NASDAQ Rising Dividend Achievers by 54.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 740 shares of the company’s stock worth $40,000 after purchasing an additional 260 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY stock opened at $62.81 on Friday. The company’s 50 day moving average price is $59.03 and its two-hundred day moving average price is $56.78. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $45.15 and a 52 week high of $63.51. The company has a market capitalization of $12.95 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.1912 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Thursday, September 26th.

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.