Private Client Services LLC Decreases Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Private Client Services LLC cut its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 68.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,239 shares of the company’s stock after selling 30,342 shares during the quarter. Private Client Services LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,115,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC increased its stake in First Trust Rising Dividend Achievers ETF by 10.5% in the fourth quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock valued at $2,119,121,000 after acquiring an additional 2,907,770 shares during the last quarter. Bank of America Corp DE increased its stake in shares of First Trust Rising Dividend Achievers ETF by 3.0% in the 1st quarter. Bank of America Corp DE now owns 7,444,315 shares of the company’s stock valued at $508,298,000 after purchasing an additional 219,060 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of First Trust Rising Dividend Achievers ETF by 1.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,503,234 shares of the company’s stock valued at $446,092,000 after purchasing an additional 86,684 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 6.5% during the 1st quarter. Royal Bank of Canada now owns 5,030,578 shares of the company’s stock worth $343,487,000 after buying an additional 307,823 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of First Trust Rising Dividend Achievers ETF by 8.0% during the 1st quarter. Cetera Investment Advisers now owns 4,044,145 shares of the company’s stock worth $276,134,000 after buying an additional 299,620 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Trading Up 0.2%

First Trust Rising Dividend Achievers ETF stock traded up $0.13 during midday trading on Friday, reaching $79.32. The company’s stock had a trading volume of 678,004 shares, compared to its average volume of 1,289,909. The stock has a market cap of $25.19 billion, a PE ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 52 week low of $64.97 and a 52 week high of $84.02. The business has a 50-day moving average price of $81.20 and a 200-day moving average price of $77.32.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a dividend of $0.1521 per share. The ex-dividend date was Thursday, September 24th. This represents a $0.61 dividend on an annualized basis and a yield of 0.8%. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474.

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.