Flynn Zito Capital Management LLC Reduces Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Flynn Zito Capital Management LLC reduced its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 16.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,551 shares of the company’s stock after selling 2,064 shares during the period. Flynn Zito Capital Management LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $545,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in First Trust NASDAQ Rising Dividend Achievers by 5,519.6% during the fourth quarter. International Assets Investment Management LLC now owns 6,615,517 shares of the company’s stock worth $341,824,000 after buying an additional 6,497,795 shares in the last quarter. Morgan Stanley increased its position in First Trust NASDAQ Rising Dividend Achievers by 8.1% during the third quarter. Morgan Stanley now owns 12,995,589 shares of the company’s stock worth $597,147,000 after buying an additional 969,819 shares in the last quarter. Royal Bank of Canada increased its position in First Trust NASDAQ Rising Dividend Achievers by 36.3% during the first quarter. Royal Bank of Canada now owns 3,260,517 shares of the company’s stock worth $159,766,000 after buying an additional 868,610 shares in the last quarter. LPL Financial LLC increased its position in First Trust NASDAQ Rising Dividend Achievers by 4.5% during the third quarter. LPL Financial LLC now owns 16,132,424 shares of the company’s stock worth $741,285,000 after buying an additional 689,605 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 10.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 5,803,282 shares of the company’s stock valued at $299,856,000 after purchasing an additional 557,879 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.0 %

Shares of NASDAQ:RDVY traded down $0.01 during midday trading on Thursday, reaching $53.05. The company’s stock had a trading volume of 765,294 shares, compared to its average volume of 803,027. The firm has a market cap of $9.94 billion, a price-to-earnings ratio of 9.85 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $42.42 and a 1 year high of $56.28. The business has a 50 day moving average price of $53.79 and a 200 day moving average price of $50.34.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were issued a $0.2238 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Thursday, March 21st.

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.