Horizon Advisory Services Inc. Reduces Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Horizon Advisory Services Inc. reduced its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 469,610 shares of the company’s stock after selling 11,950 shares during the period. First Trust NASDAQ Rising Dividend Achievers makes up about 12.3% of Horizon Advisory Services Inc.’s investment portfolio, making the stock its 3rd largest position. Horizon Advisory Services Inc. owned about 0.24% of First Trust NASDAQ Rising Dividend Achievers worth $25,711,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 24,700.0% during the 1st quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock worth $28,000 after purchasing an additional 494 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter worth approximately $29,000. Kings Path Partners LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter worth approximately $31,000. Russell Investments Group Ltd. acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 1st quarter worth approximately $34,000. Finally, Rothschild Investment LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter worth approximately $34,000.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.3 %

Shares of NASDAQ:RDVY opened at $58.95 on Friday. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $43.30 and a 1-year high of $59.38. The firm has a market capitalization of $11.73 billion, a PE ratio of 10.08 and a beta of 1.15. The business’s 50 day moving average is $57.08 and its 200-day moving average is $55.66.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 26th will be paid a $0.1912 dividend. This represents a $0.76 annualized dividend and a yield of 1.30%. The ex-dividend date is Thursday, September 26th.

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.