Ethos Financial Group LLC Sells 53,602 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Ethos Financial Group LLC reduced its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 42.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,363 shares of the company’s stock after selling 53,602 shares during the quarter. Ethos Financial Group LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,958,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Raymond James Financial Inc. grew its stake in First Trust Rising Dividend Achievers ETF by 1.8% in the 2nd quarter. Raymond James Financial Inc. now owns 11,201,473 shares of the company’s stock valued at $702,780,000 after purchasing an additional 198,938 shares during the period. Ameriprise Financial Inc. raised its stake in shares of First Trust Rising Dividend Achievers ETF by 10.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,790,897 shares of the company’s stock worth $523,914,000 after purchasing an additional 716,800 shares during the period. Bank of America Corp DE boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 7.0% in the 3rd quarter. Bank of America Corp DE now owns 6,992,315 shares of the company’s stock worth $470,303,000 after buying an additional 455,258 shares during the last quarter. UBS Group AG boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 12.2% in the 3rd quarter. UBS Group AG now owns 5,740,264 shares of the company’s stock worth $386,090,000 after buying an additional 624,936 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in First Trust Rising Dividend Achievers ETF by 13.3% during the third quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock valued at $329,979,000 after buying an additional 577,318 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ RDVY opened at $68.89 on Friday. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $73.54. The company has a 50-day simple moving average of $70.81 and a 200 day simple moving average of $69.38. The company has a market capitalization of $20.02 billion, a PE ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.1813 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.73 annualized dividend and a dividend yield of 1.1%.

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.