Shelton Wealth Management LLC Sells 6,159 Shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Shelton Wealth Management LLC lessened its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 9.6% in the 1st quarter, Holdings Channel reports. The firm owned 58,122 shares of the company’s stock after selling 6,159 shares during the period. First Trust Rising Dividend Achievers ETF accounts for approximately 1.8% of Shelton Wealth Management LLC’s investment portfolio, making the stock its 12th biggest holding. Shelton Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $3,402,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Pacific Sun Financial Corp increased its stake in First Trust Rising Dividend Achievers ETF by 2.9% in the fourth quarter. Pacific Sun Financial Corp now owns 6,090 shares of the company’s stock valued at $360,000 after purchasing an additional 170 shares in the last quarter. Continuum Advisory LLC increased its stake in First Trust Rising Dividend Achievers ETF by 1.7% in the fourth quarter. Continuum Advisory LLC now owns 10,589 shares of the company’s stock valued at $626,000 after purchasing an additional 173 shares in the last quarter. Bank of Montreal Can increased its stake in First Trust Rising Dividend Achievers ETF by 1.0% in the fourth quarter. Bank of Montreal Can now owns 21,053 shares of the company’s stock valued at $1,245,000 after purchasing an additional 200 shares in the last quarter. Flagstar Advisors Inc. increased its position in shares of First Trust Rising Dividend Achievers ETF by 0.3% during the first quarter. Flagstar Advisors Inc. now owns 59,780 shares of the company’s stock worth $3,500,000 after acquiring an additional 202 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. increased its position in shares of First Trust Rising Dividend Achievers ETF by 27.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 949 shares of the company’s stock worth $57,000 after acquiring an additional 203 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Down 0.0%

Shares of RDVY stock opened at $60.67 on Friday. The firm has a fifty day moving average of $58.95 and a 200-day moving average of $59.77. First Trust Rising Dividend Achievers ETF has a 12-month low of $50.27 and a 12-month high of $64.63. The company has a market capitalization of $14.43 billion, a price-to-earnings ratio of 14.82 and a beta of 1.09.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.2544 per share. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.02 annualized dividend and a dividend yield of 1.68%.

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.