Goldman Sachs Group Inc. Sells 14,041 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Goldman Sachs Group Inc. trimmed its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 43.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,094 shares of the company’s stock after selling 14,041 shares during the quarter. Goldman Sachs Group Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,059,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in RDVY. Sunbelt Securities Inc. increased its position in First Trust Rising Dividend Achievers ETF by 76.7% in the fourth quarter. Sunbelt Securities Inc. now owns 13,476 shares of the company’s stock worth $795,000 after purchasing an additional 5,848 shares during the period. United Advisor Group LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 3.9% during the 4th quarter. United Advisor Group LLC now owns 139,308 shares of the company’s stock worth $8,239,000 after buying an additional 5,228 shares during the period. Ameriflex Group Inc. acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter worth about $2,201,000. Great Valley Advisor Group Inc. grew its position in shares of First Trust Rising Dividend Achievers ETF by 17.6% during the 4th quarter. Great Valley Advisor Group Inc. now owns 42,387 shares of the company’s stock worth $2,506,000 after buying an additional 6,351 shares during the period. Finally, Liberty Square Wealth Partners LLC acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter worth about $17,163,000.

First Trust Rising Dividend Achievers ETF Trading Down 0.1%

First Trust Rising Dividend Achievers ETF stock opened at $66.92 on Monday. The firm has a market capitalization of $16.33 billion, a P/E ratio of 15.46 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $67.13. The business has a 50-day moving average of $64.80 and a 200-day moving average of $61.10.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.