First Horizon Advisors Inc. Sells 12,517 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

First Horizon Advisors Inc. decreased its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 6.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 184,136 shares of the company’s stock after selling 12,517 shares during the quarter. First Horizon Advisors Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $10,903,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Strategy Asset Managers LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 22.9% in the third quarter. Strategy Asset Managers LLC now owns 6,429 shares of the company’s stock valued at $381,000 after buying an additional 1,196 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 12.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,114,743 shares of the company’s stock worth $66,004,000 after acquiring an additional 120,800 shares during the last quarter. Prospera Financial Services Inc increased its position in First Trust NASDAQ Rising Dividend Achievers by 3.1% in the 3rd quarter. Prospera Financial Services Inc now owns 890,380 shares of the company’s stock valued at $52,736,000 after acquiring an additional 26,384 shares in the last quarter. Spectrum Wealth Advisory Group LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the third quarter worth about $12,392,000. Finally, MidAtlantic Capital Management Inc. acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the third quarter worth approximately $115,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $61.72 on Wednesday. The firm has a 50 day simple moving average of $59.69 and a 200 day simple moving average of $57.17. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $47.11 and a fifty-two week high of $63.72. The firm has a market cap of $12.72 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.1912 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.76 dividend on an annualized basis and a yield of 1.24%.

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.