Fifth Third Securities Inc. Reduces Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Fifth Third Securities Inc. trimmed its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 43.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,188 shares of the company’s stock after selling 48,899 shares during the quarter. Fifth Third Securities Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

First Trust Rising Dividend Achievers ETF Trading Up 0.7%

Shares of NASDAQ:RDVY opened at $69.90 on Friday. The company has a 50-day moving average price of $67.79 and a 200-day moving average price of $65.52. The company has a market cap of $18.26 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be given a dividend of $0.1996 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, December 12th. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15.

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.