Beacon Financial Group Sells 18,210 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Beacon Financial Group lowered its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 7.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,425 shares of the company’s stock after selling 18,210 shares during the period. First Trust Rising Dividend Achievers ETF comprises 1.6% of Beacon Financial Group’s portfolio, making the stock its 15th largest holding. Beacon Financial Group owned approximately 0.09% of First Trust Rising Dividend Achievers ETF worth $16,373,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WealthCare Investment Partners LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 0.3% during the 2nd quarter. WealthCare Investment Partners LLC now owns 59,562 shares of the company’s stock worth $3,799,000 after acquiring an additional 161 shares during the period. Raleigh Capital Management Inc. increased its stake in First Trust Rising Dividend Achievers ETF by 34.2% in the second quarter. Raleigh Capital Management Inc. now owns 648 shares of the company’s stock valued at $41,000 after acquiring an additional 165 shares during the period. Centerpoint Advisory Group increased its stake in First Trust Rising Dividend Achievers ETF by 0.5% in the second quarter. Centerpoint Advisory Group now owns 33,586 shares of the company’s stock valued at $2,107,000 after acquiring an additional 172 shares during the period. Moors & Cabot Inc. raised its position in First Trust Rising Dividend Achievers ETF by 2.4% in the second quarter. Moors & Cabot Inc. now owns 8,218 shares of the company’s stock worth $516,000 after purchasing an additional 194 shares in the last quarter. Finally, Barrett & Company Inc. raised its position in First Trust Rising Dividend Achievers ETF by 0.7% in the second quarter. Barrett & Company Inc. now owns 31,120 shares of the company’s stock worth $1,952,000 after purchasing an additional 206 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Down 1.0%

Shares of RDVY opened at $69.01 on Thursday. The company has a 50-day moving average price of $67.64 and a two-hundred day moving average price of $65.40. The stock has a market cap of $18.03 billion, a price-to-earnings 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.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.