Realta Investment Advisors Reduces Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Realta Investment Advisors decreased its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 67.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,178 shares of the company’s stock after selling 10,885 shares during the quarter. Realta Investment Advisors’ holdings in First Trust NASDAQ Rising Dividend Achievers were worth $314,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 3.5% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 5,573 shares of the company’s stock worth $305,000 after acquiring an additional 186 shares in the last quarter. Arkadios Wealth Advisors boosted its position in First Trust NASDAQ Rising Dividend Achievers by 0.3% during the 2nd quarter. Arkadios Wealth Advisors now owns 71,312 shares of the company’s stock valued at $3,904,000 after purchasing an additional 228 shares during the period. Old Port Advisors boosted its position in 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 valued at $368,000 after purchasing an additional 250 shares during the period. Hazlett Burt & Watson Inc. boosted its position 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 period. Finally, Alliance Wealth Advisors LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 0.5% during the 2nd quarter. Alliance Wealth Advisors LLC now owns 52,867 shares of the company’s stock valued at $2,894,000 after purchasing an additional 267 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ:RDVY opened at $58.87 on Friday. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $44.67 and a 12-month high of $60.94. The firm has a market capitalization of $12.14 billion, a P/E ratio of 10.08 and a beta of 1.15. The business has a 50 day simple moving average of $58.69 and a 200 day simple moving average of $56.50.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.1912 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.76 dividend on an annualized basis and a yield of 1.30%.

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.