B. Riley Wealth Advisors Inc. Sells 6,027 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

B. Riley Wealth Advisors Inc. reduced its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 13.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 39,821 shares of the company’s stock after selling 6,027 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,347,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RDVY. Brookstone Capital Management bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the second quarter valued at $213,000. Focus Financial Network Inc. grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 2.9% during the second quarter. Focus Financial Network Inc. now owns 53,009 shares of the company’s stock valued at $3,058,000 after buying an additional 1,508 shares during the last quarter. Capital Advisory Group Advisory Services LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 5.6% during the second quarter. Capital Advisory Group Advisory Services LLC now owns 26,769 shares of the company’s stock valued at $1,466,000 after buying an additional 1,423 shares during the last quarter. Concourse Financial Group Securities Inc. grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 31.2% during the second quarter. Concourse Financial Group Securities Inc. now owns 45,576 shares of the company’s stock valued at $2,495,000 after buying an additional 10,835 shares during the last quarter. Finally, WESPAC Advisors SoCal LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 45.7% during the second quarter. WESPAC Advisors SoCal LLC now owns 58,678 shares of the company’s stock valued at $3,213,000 after buying an additional 18,403 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of NASDAQ RDVY opened at $61.43 on Monday. The stock has a market capitalization of $12.66 billion, a P/E ratio of 10.08 and a beta of 1.15. The company has a 50-day moving average price of $61.54 and a 200-day moving average price of $58.21. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $49.60 and a 1 year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.2956 per share. The ex-dividend date is Friday, December 13th.

First Trust NASDAQ Rising Dividend Achievers Company 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.