GPS Wealth Strategies Group LLC Sells 211,968 Shares of First Trust Rising Dividend Achievers ETF $RDVY

GPS Wealth Strategies Group LLC lowered its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 81.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,700 shares of the company’s stock after selling 211,968 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for about 2.9% of GPS Wealth Strategies Group LLC’s holdings, making the stock its 6th largest position. GPS Wealth Strategies Group LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $3,453,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Quad Cities Investment Group LLC raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 0.7% during the fourth quarter. Quad Cities Investment Group LLC now owns 21,219 shares of the company’s stock valued at $1,474,000 after acquiring an additional 157 shares during the period. Allworth Financial LP raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 0.3% during the third quarter. Allworth Financial LP now owns 59,767 shares of the company’s stock valued at $4,020,000 after acquiring an additional 159 shares during the period. Howard Bailey Securities LLC increased its stake in First Trust Rising Dividend Achievers ETF by 4.6% in the 3rd quarter. Howard Bailey Securities LLC now owns 3,673 shares of the company’s stock valued at $247,000 after buying an additional 160 shares during the period. Insigneo Advisory Services LLC increased its stake in First Trust Rising Dividend Achievers ETF by 0.8% in the 3rd quarter. Insigneo Advisory Services LLC now owns 19,956 shares of the company’s stock valued at $1,342,000 after buying an additional 163 shares during the period. Finally, Proactive Wealth Strategies LLC lifted its position in First Trust Rising Dividend Achievers ETF by 0.3% in the 3rd quarter. Proactive Wealth Strategies LLC now owns 64,148 shares of the company’s stock worth $4,315,000 after buying an additional 174 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Up 0.6%

Shares of NASDAQ:RDVY opened at $75.24 on Friday. The firm has a fifty day moving average of $72.01 and a two-hundred day moving average of $70.94. First Trust Rising Dividend Achievers ETF has a 12-month low of $59.01 and a 12-month high of $75.75. The firm has a market capitalization of $22.10 billion, a P/E ratio of 15.46 and a beta of 1.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.1813 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.73 dividend on an annualized basis and a yield of 1.0%.

About First Trust Rising Dividend Achievers ETF

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.