First Horizon Advisors Inc. Has $10.90 Million Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

First Horizon Advisors Inc. lowered its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 6.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 184,136 shares of the company’s stock after selling 12,517 shares during the quarter. First Horizon Advisors Inc. owned 0.09% of First Trust NASDAQ Rising Dividend Achievers worth $10,903,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. International Assets Investment Management LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 5,796.9% during the 3rd quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock valued at $402,823,000 after acquiring an additional 6,687,924 shares in the last quarter. Cetera Investment Advisers lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 178.5% during the first quarter. Cetera Investment Advisers now owns 2,264,096 shares of the company’s stock worth $127,174,000 after purchasing an additional 1,451,045 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 18.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company’s stock valued at $376,283,000 after purchasing an additional 1,084,117 shares in the last quarter. LPL Financial LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 3.7% in the 2nd quarter. LPL Financial LLC now owns 19,372,722 shares of the company’s stock valued at $1,060,656,000 after purchasing an additional 687,098 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock worth $309,720,000 after buying an additional 596,099 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of NASDAQ RDVY opened at $61.72 on Wednesday. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $47.11 and a 52-week high of $63.72. The business has a fifty day moving average of $59.69 and a two-hundred day moving average of $57.17. The stock has a market cap of $12.72 billion, a PE 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. Investors of record on Thursday, September 26th were issued a dividend of $0.1912 per share. This represents a $0.76 annualized dividend and a yield of 1.24%. The ex-dividend date was Thursday, September 26th.

About First Trust NASDAQ Rising Dividend Achievers

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.