Integrated Wealth Concepts LLC Sells 142,532 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Integrated Wealth Concepts LLC reduced its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 16.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 712,921 shares of the company’s stock after selling 142,532 shares during the period. Integrated Wealth Concepts LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $57,789,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of RDVY. Huntington National Bank lifted its holdings in shares of 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 period. Bessemer Group Inc. acquired a new stake in First Trust Rising Dividend Achievers ETF in the first quarter valued at $29,000. Anchor Investment Management LLC acquired a new stake in First Trust Rising Dividend Achievers ETF in the first quarter valued at $34,000. Lloyd Advisory Services LLC. bought a new position in First Trust Rising Dividend Achievers ETF during the 4th quarter worth $36,000. Finally, University of Texas Texas AM Investment Management Co. bought a new position in First Trust Rising Dividend Achievers ETF during the 4th quarter worth $37,000.

First Trust Rising Dividend Achievers ETF Trading Down 1.1%

Shares of RDVY opened at $81.15 on Wednesday. The stock’s 50-day moving average price is $81.41 and its two-hundred day moving average price is $76.33. First Trust Rising Dividend Achievers ETF has a 12 month low of $64.97 and a 12 month high of $84.02. The company has a market capitalization of $24.89 billion, a PE ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.1474 dividend. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 25th.

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.