Pine Valley Investments Ltd Liability Co Lowers Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Pine Valley Investments Ltd Liability Co trimmed its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 5.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 286,474 shares of the company’s stock after selling 17,247 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises about 0.9% of Pine Valley Investments Ltd Liability Co’s holdings, making the stock its 24th biggest holding. Pine Valley Investments Ltd Liability Co owned 0.10% of First Trust Rising Dividend Achievers ETF worth $19,560,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Financial Perspectives Inc purchased a new position in First Trust Rising Dividend Achievers ETF in the fourth quarter worth about $26,000. Huntington National Bank lifted 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 buying an additional 370 shares in the last quarter. Trust Co. of Vermont purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter valued at approximately $27,000. United Community Bank purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter valued at approximately $28,000. Finally, Bessemer Group Inc. bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the first quarter valued at approximately $29,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ RDVY opened at $81.09 on Monday. First Trust Rising Dividend Achievers ETF has a twelve month low of $62.02 and a twelve month high of $81.46. The firm has a market cap of $24.83 billion, a P/E ratio of 15.46 and a beta of 1.00. The company has a 50 day moving average of $78.78 and a 200 day moving average of $74.40.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.1474 dividend. The ex-dividend date of this dividend 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 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.