Moors & Cabot Inc. Cuts Stock Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Moors & Cabot Inc. trimmed its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 8.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,255 shares of the company’s stock after selling 376 shares during the quarter. Moors & Cabot Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $200,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in RDVY. Beacon Capital Management LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 638.3% during the second quarter. Beacon Capital Management LLC now owns 694 shares of the company’s stock worth $33,000 after purchasing an additional 600 shares in the last quarter. Pinnacle Bancorp Inc. boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 342.9% during the second quarter. Pinnacle Bancorp Inc. now owns 775 shares of the company’s stock worth $37,000 after buying an additional 600 shares during the last quarter. WealthShield Partners LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the first quarter worth $48,000. Northwest Bank & Trust Co acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the second quarter worth $52,000. Finally, Blue Bell Private Wealth Management LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the second quarter worth $94,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ RDVY opened at $47.47 on Tuesday. The stock’s fifty day moving average is $45.77 and its two-hundred day moving average is $46.52. The firm has a market capitalization of $8.21 billion, a P/E ratio of 9.91 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $41.98 and a fifty-two week high of $49.68.

First Trust NASDAQ Rising Dividend Achievers Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 25th were paid a $0.2241 dividend. The ex-dividend date was Friday, September 22nd.

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.