Silver Oak Securities Incorporated Decreases Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Silver Oak Securities Incorporated cut its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 18.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 270,094 shares of the company’s stock after selling 60,584 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises 1.3% of Silver Oak Securities Incorporated’s portfolio, making the stock its 9th biggest holding. Silver Oak Securities Incorporated’s holdings in First Trust Rising Dividend Achievers ETF were worth $18,442,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in RDVY. LPL Financial LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF by 10.5% during the 4th quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock worth $2,119,121,000 after acquiring an additional 2,907,770 shares in the last quarter. Wells Fargo & Company MN increased its stake in First Trust Rising Dividend Achievers ETF by 10.6% in the fourth quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock valued at $783,359,000 after acquiring an additional 1,076,558 shares during the last quarter. Ameriprise Financial Inc. raised its position in First Trust Rising Dividend Achievers ETF by 15.7% during the second quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock valued at $442,526,000 after purchasing an additional 957,587 shares in the last quarter. Morgan Stanley raised its position in First Trust Rising Dividend Achievers ETF by 4.9% during the fourth quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock valued at $1,400,025,000 after purchasing an additional 940,590 shares in the last quarter. Finally, Arax Advisory Partners bought a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter worth $47,643,000.

First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ RDVY opened at $78.89 on Thursday. The business has a fifty day moving average price of $75.63 and a two-hundred day moving average price of $72.55. The stock has a market capitalization of $23.17 billion, a PE ratio of 15.46 and a beta of 1.01. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $61.52 and a fifty-two week high of $80.05.

First Trust Rising Dividend Achievers ETF 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.