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

Sigma Planning Corp has reduced its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 11.4% in the third quarter, as reported in its latest filing with the Securities and Exchange Commission (SEC). Following this adjustment, Sigma Planning Corp owns 136,104 shares of the company's stock after divesting 17,548 shares during the same quarter. Based on the most recent SEC filing, Sigma Planning Corp's holdings account for approximately 0.07% of the total shares of First Trust NASDAQ Rising Dividend Achievers, valued at approximately $8,059,000.

Additionally, other institutional investors have also made notable changes to their positions in First Trust NASDAQ Rising Dividend Achievers. For instance, Mach 1 Financial Group LLC has increased its holdings by 8.2% during the third quarter, acquiring an additional 10,036 shares to reach a total of 133,093 shares, valued at around $7,874,000. GSG Advisors LLC has also boosted its stake by 3.1%, now owning 143,622 shares after purchasing an additional 4,369 shares, bringing its total value to approximately $8,438,000.

Objective Capital Management LLC entered a new position in First Trust NASDAQ Rising Dividend Achievers in the third quarter, valued at about $2,015,000. Likewise, Executive Wealth Management LLC acquired a new stake worth around $230,000. Furthermore, SFG Wealth Management LLC increased its holdings by 6.5% during the quarter, adding 688 shares to own a total of 11,270 shares, valued at $667,000.

Stock Performance Overview

The stock of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) opened at $62.81. Its current 50-day moving average stands at $59.03, while the 200-day moving average is $56.78. Over the past year, the stock hit a low of $45.15 and reached a high of $63.51. The market capitalization of First Trust NASDAQ Rising Dividend Achievers is approximately $12.95 billion, with a price-to-earnings ratio of 10.08 and a beta of 1.15, indicating its volatility in comparison to the market.

Dividend Announcement

Recently, the company declared a quarterly dividend that was paid on Monday, September 30th. Those shareholders recorded on September 26th received a dividend of $0.1912 per share. The ex-dividend date was also September 26th. This announcement translates to an annualized dividend of $0.76, equating to a yield of 1.22%.

Company Profile

The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that tracks the NASDAQ US Rising Dividend Achievers index. This fund includes 50 large-cap stocks characterized by rising and high-quality dividends. Launched on January 6, 2014, RDVY is managed by First Trust.

Conclusion and Future Outlook

With the recent adjustments in holdings by institutional investors, the market will likely continue to monitor the performance of First Trust NASDAQ Rising Dividend Achievers closely. Investors may want to weigh the potential risks and returns associated with investing in this ETF, especially considering the current dividends and market conditions.

Sigma, Investors, Dividends