Traction Financial Partners LLC Sells 25,677 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Traction Financial Partners LLC lowered its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 11.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 204,634 shares of the company’s stock after selling 25,677 shares during the period. First Trust NASDAQ Rising Dividend Achievers makes up about 9.5% of Traction Financial Partners LLC’s investment portfolio, making the stock its 3rd largest position. Traction Financial Partners LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $12,116,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RDVY. Consolidated Portfolio Review Corp raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 7.9% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 118,045 shares of the company’s stock worth $6,463,000 after buying an additional 8,618 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 9.3% in the 1st quarter. Blair William & Co. IL now owns 351,981 shares of the company’s stock valued at $19,771,000 after purchasing an additional 30,086 shares in the last quarter. Williams Financial LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the second quarter worth about $765,000. Atria Investments Inc increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 28.0% in the first quarter. Atria Investments Inc now owns 97,657 shares of the company’s stock valued at $5,485,000 after buying an additional 21,379 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 2.3% during the 2nd quarter. Raymond James & Associates now owns 2,818,055 shares of the company’s stock valued at $154,289,000 after acquiring an additional 64,200 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

First Trust NASDAQ Rising Dividend Achievers stock traded up $0.09 during trading hours on Thursday, hitting $62.80. The stock had a trading volume of 179,291 shares, compared to its average volume of 717,108. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $46.60 and a 1-year high of $63.72. The stock has a market capitalization of $12.95 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The stock’s fifty day moving average is $59.35 and its two-hundred day moving average is $56.96.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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