Kovack Advisors Inc. Cuts Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Kovack Advisors Inc. reduced its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 51,718 shares of the company’s stock after selling 1,528 shares during the quarter. Kovack Advisors Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,672,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in RDVY. DAVENPORT & Co LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 5.0% in the 3rd quarter. DAVENPORT & Co LLC now owns 6,475 shares of the company’s stock valued at $298,000 after purchasing an additional 309 shares in the last quarter. Zullo Investment Group Inc. increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 12.2% in the 3rd quarter. Zullo Investment Group Inc. now owns 8,805 shares of the company’s stock valued at $405,000 after purchasing an additional 955 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 27.2% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 181,274 shares of the company’s stock valued at $8,330,000 after purchasing an additional 38,783 shares in the last quarter. Ellsworth Advisors LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 17.9% in the 3rd quarter. Ellsworth Advisors LLC now owns 17,384 shares of the company’s stock valued at $784,000 after purchasing an additional 2,645 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 6.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,055,344 shares of the company’s stock valued at $140,393,000 after purchasing an additional 191,273 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.1 %

Shares of First Trust NASDAQ Rising Dividend Achievers stock traded down $0.03 during trading hours on Friday, hitting $54.24. 675,886 shares of the company’s stock traded hands, compared to its average volume of 798,541. The stock has a 50 day simple moving average of $54.14 and a 200-day simple moving average of $50.73. The company has a market cap of $10.21 billion, a PE ratio of 9.85 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $42.42 and a twelve month high of $56.28.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were paid a dividend of $0.2238 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.65%.

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.