Private Advisor Group LLC Sells 7,774 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Private Advisor Group LLC reduced its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 0.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,603,193 shares of the company’s stock after selling 7,774 shares during the period. First Trust Rising Dividend Achievers ETF comprises 0.8% of Private Advisor Group LLC’s portfolio, making the stock its 17th largest holding. Private Advisor Group LLC owned 0.89% of First Trust Rising Dividend Achievers ETF worth $177,746,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Financial Perspectives Inc bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter valued at $26,000. Huntington National Bank increased its stake in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% in the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after purchasing 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 in the 4th quarter worth $27,000. United Community Bank bought a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter worth $28,000. Finally, Lloyd Advisory Services LLC. bought a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter worth $36,000.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ RDVY opened at $80.14 on Friday. The business’s fifty day moving average is $76.38 and its 200 day moving average is $73.00. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $61.84 and a fifty-two week high of $81.36. The company has a market capitalization of $24.13 billion, a PE ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed 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 of this dividend was Thursday, June 25th. This represents a $0.59 annualized dividend 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.