MAI Capital Management Decreases Holdings in First Trust Rising Dividend Achievers ETF $RDVY

MAI Capital Management reduced its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 23.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 16,748 shares of the company’s stock after selling 5,184 shares during the period. MAI Capital Management’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Wisconsin Wealth Advisors LLC increased its position in First Trust Rising Dividend Achievers ETF by 6.3% during the second quarter. Wisconsin Wealth Advisors LLC now owns 56,755 shares of the company’s stock valued at $3,561,000 after acquiring an additional 3,350 shares during the last quarter. PKS Advisory Services LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF by 9.7% during the 2nd quarter. PKS Advisory Services LLC now owns 28,333 shares of the company’s stock valued at $1,778,000 after purchasing an additional 2,505 shares during the period. GDS Wealth Management bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the 2nd quarter valued at about $200,000. Perennial Investment Advisors LLC increased its position in shares of First Trust Rising Dividend Achievers ETF by 14.9% during the 2nd quarter. Perennial Investment Advisors LLC now owns 388,880 shares of the company’s stock valued at $24,399,000 after purchasing an additional 50,493 shares during the last quarter. Finally, Synergy Investment Management LLC lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 2.5% in the 2nd quarter. Synergy Investment Management LLC now owns 9,485 shares of the company’s stock worth $595,000 after purchasing an additional 228 shares during the period.

First Trust Rising Dividend Achievers ETF Trading Up 0.7%

RDVY opened at $66.71 on Tuesday. The company’s 50 day moving average is $66.97 and its 200 day moving average is $64.40. The company has a market cap of $17.43 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a 12-month low of $50.27 and a 12-month high of $68.49.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were paid a dividend of $0.1487 per share. 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.