KPP Advisory Services LLC Trims Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

KPP Advisory Services LLC lowered its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 65.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,564 shares of the company’s stock after selling 10,537 shares during the period. KPP Advisory Services LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $329,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in First Trust NASDAQ Rising Dividend Achievers by 24,700.0% during the first quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock valued at $28,000 after purchasing an additional 494 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter valued at $29,000. Kings Path Partners LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter worth $31,000. Russell Investments Group Ltd. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 1st quarter worth $34,000. Finally, Rothschild Investment LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers in the second quarter worth $34,000.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.9 %

NASDAQ RDVY opened at $61.90 on Friday. The stock’s 50-day simple moving average is $59.58 and its two-hundred day simple moving average is $57.05. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $46.60 and a twelve month high of $63.72. The company has a market capitalization of $12.76 billion, a price-to-earnings 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. Investors of record on Thursday, September 26th were issued 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 dividend yield of 1.24%.

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.