First Trust Rising Dividend Achievers ETF $RDVY Holdings Lessened by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lowered its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 90.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,691 shares of the company’s stock after selling 51,057 shares during the period. First Trust Rising Dividend Achievers ETF accounts for about 0.7% of Thurston Springer Miller Herd & Titak Inc.’s investment portfolio, making the stock its 25th largest position. Thurston Springer Miller Herd & Titak Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Bessemer Group Inc. purchased a new position in First Trust Rising Dividend Achievers ETF during the first quarter valued at $29,000. Anchor Investment Management LLC bought a new stake in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at $34,000. University of Texas Texas AM Investment Management Co. purchased a new stake in First Trust Rising Dividend Achievers ETF in the 4th quarter worth $37,000. Rosenberg Matthew Hamilton purchased a new stake in First Trust Rising Dividend Achievers ETF in the 3rd quarter worth $43,000. Finally, Thompson Investment Management Inc. purchased a new stake in First Trust Rising Dividend Achievers ETF in the 2nd quarter worth $56,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY traded down $0.93 during midday trading on Wednesday, hitting $78.61. 590,032 shares of the company traded hands, compared to its average volume of 1,279,337. The firm has a 50 day moving average of $80.95 and a 200-day moving average of $77.91. First Trust Rising Dividend Achievers ETF has a 52 week low of $64.99 and a 52 week high of $84.02. The stock has a market cap of $25.10 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.