First Trust Rising Dividend Achievers ETF $RDVY Shares Sold by Ergawealth Advisors Inc.

Ergawealth Advisors Inc. trimmed its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 36.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 173,824 shares of the company’s stock after selling 97,766 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up about 5.4% of Ergawealth Advisors Inc.’s portfolio, making the stock its 4th biggest holding. Ergawealth Advisors Inc. owned 0.07% of First Trust Rising Dividend Achievers ETF worth $11,691,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its holdings in First Trust Rising Dividend Achievers ETF by 11.4% during the first 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. Trexquant Investment LP grew its position in shares of First Trust Rising Dividend Achievers ETF by 6.2% in the 1st quarter. Trexquant Investment LP now owns 5,307 shares of the company’s stock valued at $311,000 after acquiring an additional 308 shares during the period. Calton & Associates Inc. increased its stake in shares of First Trust Rising Dividend Achievers ETF by 7.9% during the 1st quarter. Calton & Associates Inc. now owns 9,244 shares of the company’s stock worth $541,000 after purchasing an additional 674 shares during the last quarter. Betterment LLC raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 13.1% in the 1st quarter. Betterment LLC now owns 40,583 shares of the company’s stock valued at $2,376,000 after purchasing an additional 4,714 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 3.5% in the 1st quarter. Royal Bank of Canada now owns 3,521,054 shares of the company’s stock valued at $206,123,000 after purchasing an additional 118,032 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

First Trust Rising Dividend Achievers ETF stock opened at $70.39 on Tuesday. The stock has a 50-day simple moving average of $68.29 and a 200 day simple moving average of $65.95. The stock has a market capitalization of $18.39 billion, a P/E ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a 52 week low of $50.27 and a 52 week high of $70.88.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be issued a dividend of $0.1996 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, December 12th. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15.

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.