Asset Allocation Strategies LLC Decreases Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Asset Allocation Strategies LLC cut its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 14.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,452 shares of the company’s stock after selling 7,953 shares during the quarter. Asset Allocation Strategies LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $3,192,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 11.4% in the 1st quarter. Russell Investments Group Ltd. now owns 4,231 shares of the company’s stock worth $248,000 after buying an additional 432 shares during the last quarter. Cresset Asset Management LLC lifted its position in First Trust Rising Dividend Achievers ETF by 5.7% in the first quarter. Cresset Asset Management LLC now owns 23,004 shares of the company’s stock worth $1,347,000 after buying an additional 1,234 shares during the last quarter. Level Four Advisory Services LLC boosted its stake in First Trust Rising Dividend Achievers ETF by 133.7% during the first quarter. Level Four Advisory Services LLC now owns 99,347 shares of the company’s stock worth $5,816,000 after buying an additional 56,830 shares during the period. Capital Analysts LLC increased its position in First Trust Rising Dividend Achievers ETF by 19.3% during the first quarter. Capital Analysts LLC now owns 15,931 shares of the company’s stock valued at $933,000 after acquiring an additional 2,574 shares during the last quarter. Finally, Purus Wealth Management LLC increased its position in First Trust Rising Dividend Achievers ETF by 0.4% during the first quarter. Purus Wealth Management LLC now owns 50,320 shares of the company’s stock valued at $2,946,000 after acquiring an additional 207 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Trading Down 1.0%

First Trust Rising Dividend Achievers ETF stock opened at $69.01 on Thursday. The firm has a market capitalization of $18.03 billion, a PE ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a 12-month low of $50.27 and a 12-month high of $70.71. The firm has a 50-day moving average price of $67.64 and a 200-day moving average price of $65.40.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be issued a $0.1996 dividend. The ex-dividend date is Friday, December 12th. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a dividend yield of 1.2%.

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.