Private Advisory Group LLC Sells 18,569 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Private Advisory Group LLC lessened its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 12.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 133,214 shares of the company’s stock after selling 18,569 shares during the quarter. Private Advisory Group LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $8,960,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in RDVY. First Horizon Corp purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the 3rd quarter worth $25,000. Cullen Frost Bankers Inc. purchased a new position in First Trust Rising Dividend Achievers ETF in the third quarter valued at about $28,000. Mather Group LLC. bought a new position in First Trust Rising Dividend Achievers ETF in the third quarter worth about $31,000. Quaker Wealth Management LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 200.2% during the second quarter. Quaker Wealth Management LLC now owns 568 shares of the company’s stock valued at $36,000 after buying an additional 1,135 shares during the last quarter. Finally, Collier Financial bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the 3rd quarter valued at about $41,000.

First Trust Rising Dividend Achievers ETF Stock Up 1.1%

Shares of First Trust Rising Dividend Achievers ETF stock opened at $73.12 on Monday. The company has a market cap of $20.63 billion, a P/E ratio of 15.46 and a beta of 1.10. The firm’s 50 day moving average price is $71.64 and its 200-day moving average price is $68.50. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $73.43.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.1996 dividend. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, December 12th.

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.