Winebrenner Capital Management LLC Decreases Stake in First Trust Rising Dividend Achievers ETF $RDVY

Winebrenner Capital Management LLC reduced its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 1.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,359 shares of the company’s stock after selling 364 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises about 1.0% of Winebrenner Capital Management LLC’s portfolio, making the stock its 29th largest holding. Winebrenner Capital Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,277,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of RDVY. Compass Financial Services Inc purchased a new position in First Trust Rising Dividend Achievers ETF during the 1st quarter worth approximately $26,000. Farmers & Merchants Investments Inc. purchased a new position in First Trust Rising Dividend Achievers ETF during the 2nd quarter worth approximately $26,000. SVB Wealth LLC purchased a new position in First Trust Rising Dividend Achievers ETF during the 1st quarter worth approximately $29,000. Rise Advisors LLC purchased a new position in First Trust Rising Dividend Achievers ETF during the 1st quarter worth approximately $31,000. Finally, Private Wealth Asset Management LLC raised its position in First Trust Rising Dividend Achievers ETF by 201.1% during the 2nd quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock worth $33,000 after buying an additional 352 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Trading Down 0.3%

RDVY opened at $68.09 on Wednesday. First Trust Rising Dividend Achievers ETF has a 12-month low of $50.27 and a 12-month high of $68.43. The firm has a market capitalization of $17.70 billion, a PE ratio of 15.46 and a beta of 1.10. The firm has a 50 day moving average of $66.52 and a two-hundred day moving average of $62.93.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

About First Trust Rising Dividend Achievers ETF

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.