KMG Fiduciary Partners LLC Sells 140,112 Shares of First Trust Rising Dividend Achievers ETF $RDVY

KMG Fiduciary Partners LLC cut its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 87.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 19,846 shares of the company’s stock after selling 140,112 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,609,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RDVY. LPL Financial LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 10.5% in the fourth quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock valued at $2,119,121,000 after purchasing an additional 2,907,770 shares during the period. Wells Fargo & Company MN lifted its stake in First Trust Rising Dividend Achievers ETF by 10.6% in the 4th quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock worth $783,359,000 after purchasing an additional 1,076,558 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings 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 valued at $442,526,000 after purchasing an additional 957,587 shares during the period. Morgan Stanley boosted its holdings in First Trust Rising Dividend Achievers ETF by 4.9% in the 4th 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 during the period. Finally, Arax Advisory Partners purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter valued at $47,643,000.

First Trust Rising Dividend Achievers ETF Stock Down 0.2%

Shares of NASDAQ RDVY opened at $83.13 on Tuesday. The stock’s 50-day simple moving average is $79.67 and its two-hundred day simple moving average is $74.86. The firm has a market capitalization of $25.50 billion, a P/E ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a twelve month low of $63.85 and a twelve month high of $83.99.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.1474 per share. This represents a $0.59 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, June 25th.

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.