Sigma Planning Corp Reduces Holdings in First Trust NASDAQ Rising Dividend Achievers

Sigma Planning Corp has reduced its investment in the First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 11.4% during the third quarter, based on the latest filing with the Securities and Exchange Commission. After selling 17,548 shares, the institutional investor now holds 136,104 shares of the stock, which represents approximately 0.07% of First Trust NASDAQ Rising Dividend Achievers, valued at around $8,059,000.

Additionally, other institutional investors have also altered their positions in the company. Mach 1 Financial Group LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers by 8.2% during the same quarter, bringing its total to 133,093 shares worth $7,874,000 after buying 10,036 additional shares. GSG Advisors LLC also expanded its holdings by 3.1%, now owning 143,622 shares valued at $8,438,000 following a purchase of 4,369 shares. Furthermore, Objective Capital Management LLC purchased a new position worth approximately $2,015,000, while Executive Wealth Management LLC acquired a stake worth about $230,000. Lastly, SFG Wealth Management LLC increased its holdings by 6.5%, now holding 11,270 shares valued at $667,000 after acquiring 688 additional shares.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

The stock of First Trust NASDAQ Rising Dividend Achievers opened at $62.81 on the recent Friday. The stock has a 50-day moving average of $59.03 and a 200-day moving average of $56.78. Over the past year, the stock has reached a low of $45.15 and a high of $63.51, with a market capitalization of $12.95 billion, a P/E ratio of 10.08, and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

Recently, the firm announced a quarterly dividend, which was paid on September 30th. Shareholders who were on record as of September 26th received a dividend of $0.1912 per share. The ex-dividend date was the same day, and this amounts to an annualized dividend of $0.76, equating to a yield of 1.22%.

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, tracking an index of 50 large-cap stocks with rising, high-quality dividends. Launched on January 6, 2014, it is managed by First Trust.

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Should you invest $1,000 in First Trust NASDAQ Rising Dividend Achievers right now?

Before making any investment decisions, it is recommended to analyze the current ratings and recommendations from top-rated analysts. It appears that despite the current "Hold" rating for First Trust NASDAQ Rising Dividend Achievers, there are five other stocks that analysts believe are better investment opportunities right now.

investment, portfolio, dividends