Prime Capital Investment Advisors LLC Sells 2,496 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Prime Capital Investment Advisors LLC trimmed its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 25.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,321 shares of the company’s stock after selling 2,496 shares during the period. Prime Capital Investment Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $459,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. bought a new position in shares of First Trust Rising Dividend Achievers ETF during the second quarter valued at approximately $26,000. Compass Financial Services Inc bought a new position in shares of First Trust Rising Dividend Achievers ETF during the first quarter valued at approximately $26,000. SVB Wealth LLC bought a new position in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at $29,000. Rise Advisors LLC bought a new position in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at $31,000. Finally, Raleigh Capital Management Inc. grew its position in First Trust Rising Dividend Achievers ETF by 34.2% in the 2nd quarter. Raleigh Capital Management Inc. now owns 648 shares of the company’s stock valued at $41,000 after acquiring an additional 165 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Down 2.7%

Shares of First Trust Rising Dividend Achievers ETF stock opened at $65.02 on Friday. The stock’s fifty day moving average is $65.89 and its two-hundred day moving average is $61.93. The company has a market capitalization of $16.74 billion, a PE ratio of 15.46 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a 52 week low of $50.27 and a 52 week high of $68.11.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a $0.1487 dividend. The ex-dividend date was Thursday, September 25th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.9%.

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.