Northwestern Mutual Wealth Management Co. Has $188.79 Million Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Northwestern Mutual Wealth Management Co. lessened its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.3% during the 4th quarter, HoldingsChannel reports. The firm owned 2,717,559 shares of the company’s stock after selling 92,540 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in First Trust Rising Dividend Achievers ETF were worth $188,789,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Moors & Cabot Inc. grew its stake in First Trust Rising Dividend Achievers ETF by 21.7% in the 4th quarter. Moors & Cabot Inc. now owns 11,934 shares of the company’s stock valued at $829,000 after buying an additional 2,129 shares during the last quarter. Foundations Investment Advisors LLC grew its stake in First Trust Rising Dividend Achievers ETF by 11.3% in the 4th quarter. Foundations Investment Advisors LLC now owns 355,234 shares of the company’s stock valued at $24,678,000 after buying an additional 36,133 shares during the last quarter. Thoroughbred Financial Services LLC grew its stake in First Trust Rising Dividend Achievers ETF by 0.5% in the 4th quarter. Thoroughbred Financial Services LLC now owns 165,987 shares of the company’s stock valued at $11,531,000 after buying an additional 857 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at $135,000. Finally, Huntington National Bank grew its stake in First Trust Rising Dividend Achievers ETF by 37,000.0% in the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock valued at $26,000 after buying an additional 370 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:RDVY opened at $75.39 on Friday. The company has a market cap of $22.15 billion, a P/E ratio of 15.46 and a beta of 1.02. The stock’s 50-day moving average is $72.56 and its 200-day moving average is $71.21. First Trust Rising Dividend Achievers ETF has a 52-week low of $59.67 and a 52-week high of $76.57.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.