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

Ergawealth Advisors Inc. trimmed its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 62.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,986 shares of the company’s stock after selling 108,838 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up about 2.1% of Ergawealth Advisors Inc.’s investment portfolio, making the stock its 9th largest holding. Ergawealth Advisors Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,515,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Balefire LLC lifted its holdings in First Trust Rising Dividend Achievers ETF by 32.1% in the 4th quarter. Balefire LLC now owns 39,521 shares of the company’s stock worth $2,746,000 after purchasing an additional 9,594 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its holdings in First Trust Rising Dividend Achievers ETF by 27.6% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 34,134 shares of the company’s stock worth $2,296,000 after purchasing an additional 7,379 shares during the last quarter. Atria Investments Inc lifted its holdings in First Trust Rising Dividend Achievers ETF by 7.1% in the 3rd quarter. Atria Investments Inc now owns 193,425 shares of the company’s stock worth $13,010,000 after purchasing an additional 12,843 shares during the last quarter. Cozad Asset Management Inc. lifted its holdings in First Trust Rising Dividend Achievers ETF by 9.3% in the 3rd quarter. Cozad Asset Management Inc. now owns 108,125 shares of the company’s stock worth $7,272,000 after purchasing an additional 9,181 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in First Trust Rising Dividend Achievers ETF by 15.9% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 80,000 shares of the company’s stock worth $5,381,000 after purchasing an additional 11,000 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY opened at $71.98 on Thursday. The business has a 50 day moving average price of $70.68 and a 200 day moving average price of $69.46. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.86 and a twelve month high of $73.54. The firm has a market cap of $20.95 billion, a P/E ratio of 15.46 and a beta of 1.03.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.1813 dividend. This represents a $0.73 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, March 26th.

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.