LVZ Inc. Sells 778 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

LVZ Inc. reduced its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 9.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,841 shares of the company’s stock after selling 778 shares during the period. LVZ Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $429,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 24,700.0% in the first quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock worth $28,000 after buying an additional 494 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the first quarter valued at about $34,000. MCF Advisors LLC grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 286.5% in the 4th quarter. MCF Advisors LLC now owns 1,090 shares of the company’s stock worth $56,000 after acquiring an additional 808 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth $60,000. Finally, DiNuzzo Private Wealth Inc. purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $68,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

First Trust NASDAQ Rising Dividend Achievers stock traded up $0.93 during mid-day trading on Friday, reaching $57.95. The stock had a trading volume of 481,065 shares, compared to its average volume of 739,246. The company has a market capitalization of $11.53 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a one year low of $43.30 and a one year high of $59.07. The company has a 50-day moving average price of $55.88 and a two-hundred day moving average price of $54.70.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a $0.2616 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.81%.

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.