First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) is Weitzel Financial Services Inc.’s 9th Largest Position

Weitzel Financial Services Inc. trimmed its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 0.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,423 shares of the company’s stock after selling 423 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers makes up about 4.1% of Weitzel Financial Services Inc.’s portfolio, making the stock its 9th biggest holding. Weitzel Financial Services Inc. owned 0.07% of First Trust NASDAQ Rising Dividend Achievers worth $8,702,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in RDVY. LPL Financial LLC grew its stake in First Trust NASDAQ Rising Dividend Achievers by 3.7% in the 2nd quarter. LPL Financial LLC now owns 19,372,722 shares of the company’s stock valued at $1,060,656,000 after acquiring an additional 687,098 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in First Trust NASDAQ Rising Dividend Achievers by 18.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company’s stock valued at $376,283,000 after acquiring an additional 1,084,117 shares during the period. International Assets Investment Management LLC grew its stake in First Trust NASDAQ Rising Dividend Achievers by 5,796.9% in the 3rd quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock valued at $402,823,000 after acquiring an additional 6,687,924 shares during the period. Commonwealth Equity Services LLC grew its stake in First Trust NASDAQ Rising Dividend Achievers by 12.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock valued at $309,720,000 after acquiring an additional 596,099 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in First Trust NASDAQ Rising Dividend Achievers by 5.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,209,445 shares of the company’s stock valued at $175,717,000 after acquiring an additional 159,003 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

First Trust NASDAQ Rising Dividend Achievers stock opened at $63.38 on Thursday. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $45.15 and a 1 year high of $63.51. The company’s fifty day moving average price is $58.86 and its 200 day moving average price is $56.66. The stock has a market capitalization of $13.07 billion, a P/E ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.1912 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.76 annualized dividend and a yield of 1.21%.

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.