Harbour Investments Inc. Reduces Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Harbour Investments Inc. cut its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 529,708 shares of the company’s stock after selling 12,937 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for about 0.9% of Harbour Investments Inc.’s portfolio, making the stock its 19th biggest position. Harbour Investments Inc. owned about 0.26% of First Trust NASDAQ Rising Dividend Achievers worth $31,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of RDVY. Financial Services Advisory Inc raised its holdings 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 valued at $881,000 after buying an additional 170 shares during the period. Kingswood Wealth Advisors LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 3.5% in the second quarter. Kingswood Wealth Advisors LLC now owns 5,573 shares of the company’s stock valued at $305,000 after acquiring 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% in the 2nd quarter. Arkadios Wealth Advisors now owns 71,312 shares of the company’s stock worth $3,904,000 after acquiring an additional 228 shares during the last quarter. Old Port Advisors boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 3.9% during the 2nd quarter. Old Port Advisors now owns 6,728 shares of the company’s stock worth $368,000 after purchasing an additional 250 shares during the period. Finally, Hazlett Burt & Watson Inc. grew its holdings 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 valued at $40,000 after purchasing an additional 260 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of NASDAQ RDVY opened at $63.50 on Tuesday. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $45.47 and a 1 year high of $63.72. The firm has a 50-day simple moving average of $59.03 and a two-hundred day simple moving average of $56.80. The company has a market cap of $13.09 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.1912 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.76 annualized dividend and a dividend yield of 1.20%.

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.