Pinnacle Associates Ltd. Has $10.39 Million Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Pinnacle Associates Ltd. decreased its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 4.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 175,449 shares of the company’s stock after selling 8,532 shares during the period. Pinnacle Associates Ltd.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $10,388,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Consolidated Portfolio Review Corp raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 7.9% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 118,045 shares of the company’s stock valued at $6,463,000 after acquiring an additional 8,618 shares in the last quarter. Blair William & Co. IL raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 9.3% in the 1st quarter. Blair William & Co. IL now owns 351,981 shares of the company’s stock worth $19,771,000 after buying an additional 30,086 shares in the last quarter. Williams Financial LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter worth approximately $765,000. Atria Investments Inc raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 28.0% in the 1st quarter. Atria Investments Inc now owns 97,657 shares of the company’s stock worth $5,485,000 after buying an additional 21,379 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 9.9% in the 1st quarter. Private Advisor Group LLC now owns 1,551,985 shares of the company’s stock worth $87,175,000 after buying an additional 139,241 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.4 %

Shares of RDVY opened at $60.01 on Thursday. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $43.82 and a 1 year high of $60.94. The stock has a 50 day simple moving average of $58.64 and a 200-day simple moving average of $56.43. The stock has a market cap of $12.33 billion, a PE ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.1912 dividend. 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 1.27%.

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.