First Trust Rising Dividend Achievers ETF $RDVY Shares Sold by Ameriflex Group Inc.

Ameriflex Group Inc. reduced its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 54.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,557 shares of the company’s stock after selling 10,396 shares during the period. Ameriflex Group Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $531,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farmers & Merchants Investments Inc. acquired a new position in First Trust Rising Dividend Achievers ETF in the second quarter valued at approximately $26,000. Compass Financial Services Inc acquired a new position in First Trust Rising Dividend Achievers ETF in the first quarter valued at approximately $26,000. SVB Wealth LLC acquired a new position in First Trust Rising Dividend Achievers ETF in the first quarter valued at approximately $29,000. Rise Advisors LLC acquired a new position in First Trust Rising Dividend Achievers ETF in the first quarter valued at approximately $31,000. Finally, Raleigh Capital Management Inc. lifted its holdings in First Trust Rising Dividend Achievers ETF by 34.2% in the second quarter. Raleigh Capital Management Inc. now owns 648 shares of the company’s stock valued at $41,000 after acquiring an additional 165 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY opened at $67.67 on Friday. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $68.06. The stock has a market capitalization of $17.35 billion, a PE ratio of 15.46 and a beta of 1.15. The business’s 50 day moving average price is $65.56 and its 200 day moving average price is $61.67.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.