Prudential PLC Decreases Position in First Trust Rising Dividend Achievers ETF $RDVY

Prudential PLC decreased its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVYFree Report) by 49.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 245,700 shares of the company’s stock after selling 241,400 shares during the quarter. Prudential PLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $17,069,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Huntington National Bank lifted its stake in First Trust Rising Dividend Achievers ETF by 37,000.0% during the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after purchasing an additional 370 shares during the last quarter. Financial Perspectives Inc purchased a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter worth approximately $26,000. Trust Co. of Vermont purchased a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter worth approximately $27,000. United Community Bank purchased a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter worth approximately $28,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter worth approximately $36,000.

First Trust Rising Dividend Achievers ETF Stock Up 1.1%

RDVY stock opened at $76.95 on Friday. The business has a 50 day moving average price of $73.25 and a 200 day moving average price of $71.50. The stock has a market cap of $22.60 billion, a price-to-earnings ratio of 15.46 and a beta of 1.01. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $60.30 and a fifty-two week high of $77.12.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.1813 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.73 dividend on an annualized basis and a yield of 0.9%.

First Trust Rising Dividend Achievers ETF Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding RDVY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Rising Dividend Achievers ETF (NASDAQ:RDVYFree Report).

Institutional Ownership by Quarter for First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

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