American Financial Advisors LLC Sells 2,151 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

American Financial Advisors LLC cut its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 7.7% during the 4th quarter, Holdings Channel reports. The fund owned 25,793 shares of the company’s stock after selling 2,151 shares during the period. American Financial Advisors LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,333,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hazlett Burt & Watson Inc. lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 87.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 478 shares of the company’s stock valued at $25,000 after buying an additional 223 shares in the last quarter. Cozad Asset Management Inc. lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 0.4% in the third quarter. Cozad Asset Management Inc. now owns 69,703 shares of the company’s stock valued at $3,203,000 after buying an additional 249 shares in the last quarter. Private Trust Co. NA lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 0.9% in the third quarter. Private Trust Co. NA now owns 31,136 shares of the company’s stock valued at $1,431,000 after buying an additional 273 shares in the last quarter. DAVENPORT & Co LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.4% in the fourth quarter. DAVENPORT & Co LLC now owns 6,761 shares of the company’s stock valued at $349,000 after buying an additional 286 shares in the last quarter. Finally, Castleview Partners LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.2% in the first quarter. Castleview Partners LLC now owns 7,239 shares of the company’s stock valued at $325,000 after buying an additional 291 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock traded up $0.34 during trading hours on Friday, reaching $53.39. The company’s stock had a trading volume of 902,007 shares, compared to its average volume of 804,486. First Trust NASDAQ Rising Dividend Achievers has a one year low of $42.42 and a one year high of $56.28. The company has a market capitalization of $10.00 billion, a P/E ratio of 9.85 and a beta of 1.15. The stock’s fifty day simple moving average is $53.83 and its two-hundred day simple moving average is $50.36.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a $0.2238 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Thursday, March 21st.

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.