Thrivent Financial for Lutherans Sells 40,130 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Thrivent Financial for Lutherans lessened its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 53.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,116 shares of the company’s stock after selling 40,130 shares during the period. Thrivent Financial for Lutherans’ holdings in First Trust Rising Dividend Achievers ETF were worth $2,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Compass Financial Services Inc bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter valued at about $26,000. Farmers & Merchants Investments Inc. purchased a new stake in First Trust Rising Dividend Achievers ETF during the second quarter valued at approximately $26,000. SVB Wealth LLC acquired a new stake in First Trust Rising Dividend Achievers ETF in the first quarter valued at approximately $29,000. Rise Advisors LLC acquired a new stake in First Trust Rising Dividend Achievers ETF in the first quarter valued at approximately $31,000. Finally, Private Wealth Asset Management LLC grew its holdings in 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 worth $33,000 after purchasing an additional 352 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Trading Up 0.0%

Shares of RDVY stock opened at $70.47 on Wednesday. First Trust Rising Dividend Achievers ETF has a 12-month low of $50.27 and a 12-month high of $70.71. The business’s fifty day simple moving average is $67.95 and its 200-day simple moving average is $65.69. The company has a market cap of $18.41 billion, a PE ratio of 15.46 and a beta of 1.10.

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 paid a $0.1996 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, December 12th.

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.