Stonebridge Financial Group LLC Reduces Position in First Trust Rising Dividend Achievers ETF $RDVY

Stonebridge Financial Group LLC lessened its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 10.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,832 shares of the company’s stock after selling 1,118 shares during the quarter. Stonebridge Financial Group LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. LPL Financial LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 11.2% during the 1st quarter. LPL Financial LLC now owns 23,686,574 shares of the company’s stock worth $1,386,612,000 after acquiring an additional 2,379,430 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 9.7% during the 1st quarter. Raymond James Financial Inc. now owns 11,002,535 shares of the company’s stock worth $644,088,000 after acquiring an additional 971,388 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 7.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 6,074,450 shares of the company’s stock worth $355,598,000 after acquiring an additional 434,447 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 3.5% during the 1st quarter. Royal Bank of Canada now owns 3,521,054 shares of the company’s stock worth $206,123,000 after acquiring an additional 118,032 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 10.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,421,026 shares of the company’s stock worth $200,267,000 after acquiring an additional 334,330 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY opened at $66.81 on Friday. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $68.11. The firm’s fifty day moving average is $65.84 and its 200 day moving average is $61.89. The stock has a market cap of $17.20 billion, a price-to-earnings ratio of 15.46 and a beta of 1.15.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a dividend of $0.1487 per share. The ex-dividend date was Thursday, September 25th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.9%.

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.