Kowal Investment Group LLC Has $382,000 Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Kowal Investment Group LLC cut its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,973 shares of the company’s stock after selling 196 shares during the quarter. Kowal Investment Group LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $382,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RDVY. Global Assets Advisory LLC grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 5,315.6% in the 1st quarter. Global Assets Advisory LLC now owns 4,216,002 shares of the company’s stock valued at $236,813,000 after purchasing an additional 4,138,153 shares during the period. Cetera Investment Advisers boosted its position in First Trust NASDAQ Rising Dividend Achievers by 178.5% during the 1st quarter. Cetera Investment Advisers now owns 2,264,096 shares of the company’s stock worth $127,174,000 after acquiring an additional 1,451,045 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in First Trust NASDAQ Rising Dividend Achievers by 18.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company’s stock worth $376,283,000 after acquiring an additional 1,084,117 shares during the last quarter. LPL Financial LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 3.7% during the 2nd quarter. LPL Financial LLC now owns 19,372,722 shares of the company’s stock worth $1,060,656,000 after acquiring an additional 687,098 shares during the last quarter. Finally, Horizon Advisory Services Inc. acquired a new position in First Trust NASDAQ Rising Dividend Achievers during the 1st quarter worth approximately $27,049,000.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.8 %

NASDAQ:RDVY opened at $58.75 on Friday. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $43.30 and a twelve month high of $59.33. The business has a 50 day moving average price of $57.00 and a two-hundred day moving average price of $55.54. The company has a market cap of $11.69 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a dividend of $0.2616 per share. This represents a $1.05 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Thursday, June 27th.

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.