Concourse Financial Group Securities Inc. Trims Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Concourse Financial Group Securities Inc. decreased its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,964 shares of the company’s stock after selling 230 shares during the period. Concourse Financial Group Securities Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $1,858,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 5,519.6% in the 4th quarter. International Assets Investment Management LLC now owns 6,615,517 shares of the company’s stock valued at $341,824,000 after purchasing an additional 6,497,795 shares in the last quarter. Morgan Stanley lifted its holdings 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 during the period. Commonwealth Equity Services LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 30.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,989,267 shares of the company’s stock valued at $206,125,000 after acquiring an additional 933,923 shares in the last quarter. LPL Financial LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.5% in the 3rd quarter. LPL Financial LLC now owns 16,132,424 shares of the company’s stock valued at $741,285,000 after acquiring an additional 689,605 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 10.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,803,282 shares of the company’s stock worth $299,856,000 after acquiring an additional 557,879 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.9 %

Shares of NASDAQ RDVY traded up $0.52 during mid-day trading on Thursday, reaching $55.28. 571,493 shares of the company were exchanged, compared to its average volume of 780,867. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $42.93 and a 1 year high of $56.28. The firm has a 50-day moving average of $54.50 and a 200 day moving average of $51.27. The stock has a market cap of $10.46 billion, a price-to-earnings ratio of 9.78 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 Thursday, March 28th. Investors 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 1.62%.

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.