Genesee Capital Advisors LLC Has $4.69 Million Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Genesee Capital Advisors LLC reduced its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,242 shares of the company’s stock after selling 1,209 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers accounts for about 2.2% of Genesee Capital Advisors LLC’s investment portfolio, making the stock its 9th largest holding. Genesee Capital Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $4,686,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. LPL Financial LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% in the third quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock worth $1,203,528,000 after acquiring an additional 953,708 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 5,796.9% in the third quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock worth $402,823,000 after acquiring an additional 6,687,924 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.9% in the third quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock worth $309,720,000 after acquiring an additional 596,099 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 10.3% in the second quarter. Cetera Investment Advisers now owns 2,496,225 shares of the company’s stock worth $136,668,000 after acquiring an additional 232,129 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 2.2% in the third quarter. Stifel Financial Corp now owns 1,675,769 shares of the company’s stock worth $99,224,000 after acquiring an additional 35,479 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ:RDVY opened at $62.57 on Wednesday. The company has a market cap of $13.56 billion, a PE ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $50.24 and a 52-week high of $64.63. The stock has a 50-day simple moving average of $61.49 and a 200 day simple moving average of $59.53.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.2956 per share. The ex-dividend date of this dividend was Friday, December 13th.

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.