Assetmark Inc. Has $12.59 Million Position in First Trust Rising Dividend Achievers ETF $RDVY

Assetmark Inc. lessened its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 9.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,440 shares of the company’s stock after selling 18,748 shares during the quarter. Assetmark Inc. owned 0.06% of First Trust Rising Dividend Achievers ETF worth $12,594,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Huntington National Bank grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% during the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock valued at $26,000 after buying an additional 370 shares during the last quarter. Financial Perspectives Inc acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter worth about $26,000. Trust Co. of Vermont acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter worth about $27,000. United Community Bank bought a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at about $28,000. Finally, Bessemer Group Inc. bought a new position in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at about $29,000.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY stock opened at $80.00 on Monday. The business has a 50-day simple moving average of $77.55 and a two-hundred day simple moving average of $73.76. The company has a market capitalization of $24.33 billion, a P/E ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 52-week low of $62.02 and a 52-week high of $81.36.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.1474 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.59 annualized dividend and a dividend yield of 0.7%.

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.