Commonwealth Financial Services LLC Sells 75,850 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Commonwealth Financial Services LLC reduced its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 23.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 248,216 shares of the company’s stock after selling 75,850 shares during the period. First Trust Rising Dividend Achievers ETF makes up approximately 3.5% of Commonwealth Financial Services LLC’s holdings, making the stock its 7th biggest holding. Commonwealth Financial Services LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $19,433,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in RDVY. Bank of America Corp DE lifted its position in First Trust Rising Dividend Achievers ETF by 3.0% in the 1st quarter. Bank of America Corp DE now owns 7,444,315 shares of the company’s stock valued at $508,298,000 after acquiring an additional 219,060 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of First Trust Rising Dividend Achievers ETF by 1.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,503,234 shares of the company’s stock worth $446,092,000 after acquiring an additional 86,684 shares in the last quarter. Royal Bank of Canada grew its position in First Trust Rising Dividend Achievers ETF by 6.5% in the first quarter. Royal Bank of Canada now owns 5,030,578 shares of the company’s stock valued at $343,487,000 after purchasing an additional 307,823 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in First Trust Rising Dividend Achievers ETF by 12.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,492,637 shares of the company’s stock worth $283,113,000 after buying an additional 379,961 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of First Trust Rising Dividend Achievers ETF by 8.0% in the first quarter. Cetera Investment Advisers now owns 4,044,145 shares of the company’s stock valued at $276,134,000 after acquiring an additional 299,620 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Up 0.1%

Shares of NASDAQ RDVY traded up $0.05 during trading hours on Tuesday, hitting $79.39. The company had a trading volume of 510,072 shares, compared to its average volume of 1,279,877. First Trust Rising Dividend Achievers ETF has a 1-year low of $64.99 and a 1-year high of $84.02. The firm’s 50 day moving average is $80.63 and its 200-day moving average is $78.25. The stock has a market capitalization of $25.43 billion, a P/E ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a dividend of $0.1521 per share. The ex-dividend date was Thursday, September 24th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474.

First Trust Rising Dividend Achievers ETF Company 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.