First Trust Rising Dividend Achievers ETF $RDVY Stake Lessened by Focus Partners Wealth

Focus Partners Wealth cut its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 7.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,991 shares of the company’s stock after selling 3,616 shares during the period. Focus Partners Wealth’s holdings in First Trust Rising Dividend Achievers ETF were worth $2,458,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in RDVY. LPL Financial LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 11.2% in the first quarter. LPL Financial LLC now owns 23,686,574 shares of the company’s stock valued at $1,386,612,000 after acquiring an additional 2,379,430 shares in the last quarter. Raymond James Financial Inc. lifted its stake in First Trust Rising Dividend Achievers ETF by 9.7% during the first quarter. Raymond James Financial Inc. now owns 11,002,535 shares of the company’s stock valued at $644,088,000 after purchasing an additional 971,388 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in First Trust Rising Dividend Achievers ETF by 91.0% during the first quarter. Janney Montgomery Scott LLC now owns 1,274,557 shares of the company’s stock valued at $74,613,000 after purchasing an additional 607,354 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in First Trust Rising Dividend Achievers ETF by 7.7% during the first quarter. Commonwealth Equity Services LLC now owns 6,074,450 shares of the company’s stock valued at $355,598,000 after purchasing an additional 434,447 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in First Trust Rising Dividend Achievers ETF by 10.8% during the first quarter. Envestnet Asset Management Inc. now owns 3,421,026 shares of the company’s stock valued at $200,267,000 after purchasing an additional 334,330 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY stock opened at $66.27 on Tuesday. First Trust Rising Dividend Achievers ETF has a 12 month low of $50.27 and a 12 month high of $66.76. The firm has a market cap of $16.17 billion, a PE ratio of 15.46 and a beta of 1.15. The firm has a 50 day simple moving average of $64.55 and a 200 day simple moving average of $60.91.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were paid a dividend of $0.1706 per share. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.68 annualized dividend and a yield of 1.0%.

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.