StoneX Group Inc. Has $7.87 Million Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

StoneX Group Inc. cut its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 132,952 shares of the company’s stock after selling 3,581 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers accounts for about 0.7% of StoneX Group Inc.’s investment portfolio, making the stock its 25th largest holding. StoneX Group Inc. owned 0.06% of First Trust NASDAQ Rising Dividend Achievers worth $7,872,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. LPL Financial LLC increased its stake 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 during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in First Trust NASDAQ Rising Dividend Achievers by 18.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company’s stock worth $376,283,000 after purchasing an additional 1,084,117 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 5,796.9% during the 3rd quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock worth $402,823,000 after purchasing an additional 6,687,924 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock valued at $309,720,000 after buying an additional 596,099 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 5.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,209,445 shares of the company’s stock valued at $175,717,000 after buying an additional 159,003 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ:RDVY opened at $63.72 on Friday. The company has a market capitalization of $13.14 billion, a P/E ratio of 10.08 and a beta of 1.15. The stock’s 50 day moving average price is $60.18 and its 200 day moving average price is $57.36. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $47.18 and a 52 week high of $63.78.

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 paid a dividend of $0.1912 per share. 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 Company 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.