First Trust Rising Dividend Achievers ETF $RDVY Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. trimmed its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY – Free Report) by 74.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 724,390 shares of the company’s stock after selling 2,085,709 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.26% of First Trust Rising Dividend Achievers ETF worth $51,618,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in RDVY. First Horizon Corp purchased a new position in First Trust Rising Dividend Achievers ETF in the third quarter valued at $25,000. Financial Perspectives Inc purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter worth about $26,000. Trust Co. of Vermont acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter valued at about $27,000. Cullen Frost Bankers Inc. purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the 3rd quarter valued at about $28,000. Finally, United Community Bank acquired a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter worth about $28,000.

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First Trust Rising Dividend Achievers ETF Trading Up 0.2%

Shares of First Trust Rising Dividend Achievers ETF stock opened at $73.78 on Tuesday. First Trust Rising Dividend Achievers ETF has a twelve month low of $59.01 and a twelve month high of $75.75. The firm has a market capitalization of $21.67 billion, a PE ratio of 15.46 and a beta of 1.02. The firm’s 50-day moving average price is $71.63 and its 200 day moving average price is $70.77.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a $0.1813 dividend. This represents a $0.73 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, March 26th.

First Trust Rising Dividend Achievers ETF Profile

(Free Report)

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.

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