Triton Wealth Management PLLC Sells 19,706 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Triton Wealth Management PLLC lowered its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 39.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,834 shares of the company’s stock after selling 19,706 shares during the period. First Trust Rising Dividend Achievers ETF makes up about 0.8% of Triton Wealth Management PLLC’s holdings, making the stock its 22nd biggest position. Triton Wealth Management PLLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $2,147,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of RDVY. Ameriprise Financial Inc. raised its position in shares of First Trust Rising Dividend Achievers ETF by 15.7% in the second quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock valued at $442,526,000 after purchasing an additional 957,587 shares during the period. JPMorgan Chase & Co. raised its position in shares of First Trust Rising Dividend Achievers ETF by 74.0% in the third quarter. JPMorgan Chase & Co. now owns 1,707,049 shares of the company’s stock valued at $114,816,000 after purchasing an additional 725,742 shares during the period. UBS Group AG raised its position in shares of First Trust Rising Dividend Achievers ETF by 12.2% in the third quarter. UBS Group AG now owns 5,740,264 shares of the company’s stock valued at $386,090,000 after purchasing an additional 624,936 shares during the period. Envestnet Asset Management Inc. raised its position in shares of First Trust Rising Dividend Achievers ETF by 13.3% in the third quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock valued at $329,979,000 after purchasing an additional 577,318 shares during the period. Finally, Prudential PLC purchased a new position in First Trust Rising Dividend Achievers ETF during the third quarter valued at approximately $32,762,000.

First Trust Rising Dividend Achievers ETF Trading Up 0.6%

Shares of NASDAQ:RDVY opened at $74.35 on Friday. The company has a 50 day moving average of $71.54 and a 200 day moving average of $70.69. The stock has a market cap of $21.84 billion, a P/E ratio of 15.46 and a beta of 1.02. First Trust Rising Dividend Achievers ETF has a 12 month low of $59.01 and a 12 month high of $75.75.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.1813 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.73 annualized dividend and a yield of 1.0%.

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.