First Trust Rising Dividend Achievers ETF $RDVY Shares Sold by IFP Advisors Inc

IFP Advisors Inc cut its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 5.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 117,303 shares of the company’s stock after selling 7,354 shares during the quarter. IFP Advisors Inc’s holdings in First Trust Rising Dividend Achievers ETF were worth $9,509,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RDVY. Huntington National Bank increased its stake in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% in the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after acquiring an additional 370 shares during the period. Bessemer Group Inc. acquired a new position in First Trust Rising Dividend Achievers ETF during the first quarter valued at $29,000. Anchor Investment Management LLC acquired a new position in First Trust Rising Dividend Achievers ETF during the first quarter valued at $34,000. Lloyd Advisory Services LLC. acquired a new position in First Trust Rising Dividend Achievers ETF during the fourth quarter valued at $36,000. Finally, University of Texas Texas AM Investment Management Co. purchased a new stake in First Trust Rising Dividend Achievers ETF in the fourth quarter valued at $37,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY opened at $80.64 on Thursday. The business’s 50-day moving average is $81.41 and its two-hundred day moving average is $76.39. The company has a market capitalization of $24.73 billion, a P/E ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $64.97 and a fifty-two week high of $84.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.1474 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.7%.

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.