First Trust Rising Dividend Achievers ETF $RDVY Shares Sold by APS Management Group Inc.

APS Management Group Inc. lowered its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 44.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,087 shares of the company’s stock after selling 44,062 shares during the period. First Trust Rising Dividend Achievers ETF comprises approximately 3.2% of APS Management Group Inc.’s investment portfolio, making the stock its 8th biggest position. APS Management Group Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $3,757,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of RDVY. First Horizon Corp acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the 3rd quarter worth about $25,000. Trust Co. of Vermont purchased a new stake in First Trust Rising Dividend Achievers ETF during the 4th quarter valued at about $27,000. Cullen Frost Bankers Inc. purchased a new stake in First Trust Rising Dividend Achievers ETF during the 3rd quarter valued at about $28,000. Mather Group LLC. purchased a new stake in First Trust Rising Dividend Achievers ETF during the 3rd quarter valued at about $31,000. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in First Trust Rising Dividend Achievers ETF during the 3rd quarter valued at about $38,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ RDVY opened at $74.52 on Wednesday. First Trust Rising Dividend Achievers ETF has a 12-month low of $54.08 and a 12-month high of $75.26. The stock has a market cap of $21.74 billion, a PE ratio of 15.46 and a beta of 1.03. The company has a 50-day moving average of $70.86 and a 200 day moving average of $69.87.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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