Cottonwood Capital Advisors LLC Lowers Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Cottonwood Capital Advisors LLC lowered its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 92,722 shares of the company’s stock after selling 2,148 shares during the period. First Trust Rising Dividend Achievers ETF makes up approximately 3.9% of Cottonwood Capital Advisors LLC’s holdings, making the stock its 5th biggest position. Cottonwood Capital Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $5,817,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Koshinski Asset Management Inc. lifted its stake in First Trust Rising Dividend Achievers ETF by 2.3% during the 2nd quarter. Koshinski Asset Management Inc. now owns 545,512 shares of the company’s stock valued at $34,225,000 after acquiring an additional 12,233 shares during the period. Huntleigh Advisors Inc. lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 17.6% in the 2nd quarter. Huntleigh Advisors Inc. now owns 108,475 shares of the company’s stock worth $6,806,000 after purchasing an additional 16,221 shares during the period. Stratos Wealth Partners LTD. lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 1.1% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 481,513 shares of the company’s stock worth $30,210,000 after purchasing an additional 5,280 shares during the period. Private Trust Co. NA lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 38.9% in the 2nd quarter. Private Trust Co. NA now owns 36,758 shares of the company’s stock worth $2,306,000 after purchasing an additional 10,302 shares during the period. Finally, WealthPLAN Partners LLC lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 42.7% in the 2nd quarter. WealthPLAN Partners LLC now owns 6,696 shares of the company’s stock worth $420,000 after purchasing an additional 2,003 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Up 0.5%

Shares of NASDAQ:RDVY opened at $66.11 on Friday. The firm’s 50 day moving average price is $66.14 and its 200-day moving average price is $62.18. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $68.11. The stock has a market capitalization of $17.07 billion, a PE ratio of 15.46 and a beta of 1.15.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.