Strategic Planning Group LLC Lowers Position in First Trust Rising Dividend Achievers ETF $RDVY

Strategic Planning Group LLC cut its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 98.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,750 shares of the company’s stock after selling 229,557 shares during the period. Strategic Planning Group LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $252,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of RDVY. Raymond James Financial Inc. raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 1.8% in the second quarter. Raymond James Financial Inc. now owns 11,201,473 shares of the company’s stock valued at $702,780,000 after purchasing an additional 198,938 shares during the last quarter. Ameriprise Financial Inc. grew its position in First Trust Rising Dividend Achievers ETF by 15.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock worth $442,526,000 after purchasing an additional 957,587 shares in the last quarter. Bank of America Corp DE increased its stake in First Trust Rising Dividend Achievers ETF by 4.1% in the 2nd quarter. Bank of America Corp DE now owns 6,537,057 shares of the company’s stock valued at $410,135,000 after buying an additional 258,172 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in First Trust Rising Dividend Achievers ETF by 26.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,328,699 shares of the company’s stock valued at $271,583,000 after buying an additional 907,673 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of First Trust Rising Dividend Achievers ETF by 6.8% during the 2nd quarter. Osaic Holdings Inc. now owns 3,240,145 shares of the company’s stock worth $203,194,000 after buying an additional 205,514 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Down 1.0%

Shares of NASDAQ RDVY opened at $71.64 on Thursday. The company has a market capitalization of $19.67 billion, a PE ratio of 15.46 and a beta of 1.10. The stock’s 50 day moving average price is $68.72 and its 200-day moving average price is $66.40. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $72.45.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.1996 dividend. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, December 12th.

First Trust Rising Dividend Achievers ETF 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. 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.