Insigneo Advisory Services LLC Sells 1,342 Shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Insigneo Advisory Services LLC lowered its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 6.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,170 shares of the company’s stock after selling 1,342 shares during the period. Insigneo Advisory Services LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,181,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of RDVY. Pacific Sun Financial Corp raised its position in First Trust Rising Dividend Achievers ETF by 2.9% in the fourth quarter. Pacific Sun Financial Corp now owns 6,090 shares of the company’s stock worth $360,000 after acquiring an additional 170 shares during the period. Continuum Advisory LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF by 1.7% in the 4th quarter. Continuum Advisory LLC now owns 10,589 shares of the company’s stock worth $626,000 after purchasing an additional 173 shares in the last quarter. Bank of Montreal Can increased its stake in shares of First Trust Rising Dividend Achievers ETF by 1.0% in the 4th quarter. Bank of Montreal Can now owns 21,053 shares of the company’s stock worth $1,245,000 after purchasing an additional 200 shares in the last quarter. Flagstar Advisors Inc. raised its holdings in First Trust Rising Dividend Achievers ETF by 0.3% in the 1st quarter. Flagstar Advisors Inc. now owns 59,780 shares of the company’s stock worth $3,500,000 after purchasing an additional 202 shares during the period. Finally, Hazlett Burt & Watson Inc. lifted its position in First Trust Rising Dividend Achievers ETF by 27.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 949 shares of the company’s stock valued at $57,000 after purchasing an additional 203 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ:RDVY opened at $60.70 on Wednesday. The company has a market capitalization of $14.14 billion, a P/E ratio of 15.48 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a 1-year low of $50.27 and a 1-year high of $64.63. The firm’s 50 day simple moving average is $58.72 and its two-hundred day simple moving average is $59.78.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.2544 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.68%. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 27th.

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.