Arete Wealth Advisors LLC Decreases Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Arete Wealth Advisors LLC decreased its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 17.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,809 shares of the company’s stock after selling 821 shares during the period. Arete Wealth Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $226,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in RDVY. FMR LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 13.8% in the 3rd quarter. FMR LLC now owns 23,339 shares of the company’s stock valued at $1,382,000 after purchasing an additional 2,822 shares in the last quarter. Captrust Financial Advisors acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the third quarter valued at $247,000. Y Intercept Hong Kong Ltd raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 298.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 33,313 shares of the company’s stock valued at $1,972,000 after acquiring an additional 24,946 shares in the last quarter. Continuum Advisory LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 108.3% during the 3rd quarter. Continuum Advisory LLC now owns 10,416 shares of the company’s stock valued at $651,000 after acquiring an additional 5,415 shares during the last quarter. Finally, Executive Wealth Management LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter worth $230,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $52.27 on Tuesday. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $50.27 and a 1 year high of $64.63. The firm’s 50-day simple moving average is $60.23 and its 200-day simple moving average is $60.64. The firm has a market cap of $11.99 billion, a PE ratio of 14.89 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.2544 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Thursday, March 27th. This is an increase from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19.

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.