Envestnet Portfolio Solutions Inc. Sells 8,671 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Envestnet Portfolio Solutions Inc. cut its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 246,952 shares of the company’s stock after selling 8,671 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $15,494,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RDVY. Fifth Third Bancorp lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 652.0% during the first quarter. Fifth Third Bancorp now owns 940 shares of the company’s stock valued at $55,000 after acquiring an additional 815 shares during the period. Dynamic Advisor Solutions LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 44.9% during the first quarter. Dynamic Advisor Solutions LLC now owns 6,890 shares of the company’s stock valued at $403,000 after acquiring an additional 2,136 shares during the period. Good Life Advisors LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 29.7% during the first quarter. Good Life Advisors LLC now owns 275,153 shares of the company’s stock valued at $16,107,000 after acquiring an additional 63,026 shares during the period. Keystone Wealth Services LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 30.7% during the first quarter. Keystone Wealth Services LLC now owns 7,043 shares of the company’s stock valued at $412,000 after acquiring an additional 1,656 shares during the period. Finally, RiverTree Advisors LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF during the first quarter valued at $2,606,000.

First Trust Rising Dividend Achievers ETF Stock Up 1.6%

First Trust Rising Dividend Achievers ETF stock opened at $66.08 on Tuesday. The stock has a 50-day simple moving average of $65.94 and a 200 day simple moving average of $62.02. First Trust Rising Dividend Achievers ETF has a 12-month low of $50.27 and a 12-month high of $68.11. The stock has a market capitalization of $17.02 billion, a price-to-earnings ratio of 15.46 and a beta of 1.15.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a $0.1487 dividend. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, September 25th.

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.