Flaharty Asset Management LLC cut its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY – Free Report) by 93.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,298 shares of the company’s stock after selling 48,224 shares during the quarter. Flaharty Asset Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $264,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in RDVY. LPL Financial LLC grew its holdings in First Trust Rising Dividend Achievers ETF by 10.5% in the 4th quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock valued at $2,119,121,000 after buying an additional 2,907,770 shares during the period. Morgan Stanley lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.9% during the 4th quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock worth $1,400,025,000 after acquiring an additional 940,590 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 2.2% during the 4th quarter. Raymond James Financial Inc. now owns 11,285,710 shares of the company’s stock worth $784,018,000 after acquiring an additional 243,585 shares during the period. Wells Fargo & Company MN boosted its position in shares of First Trust Rising Dividend Achievers ETF by 10.6% in the fourth quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock worth $783,359,000 after acquiring an additional 1,076,558 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of First Trust Rising Dividend Achievers ETF by 3.0% in the first quarter. Bank of America Corp DE now owns 7,444,315 shares of the company’s stock worth $508,298,000 after acquiring an additional 219,060 shares during the last quarter.
First Trust Rising Dividend Achievers ETF Stock Performance
First Trust Rising Dividend Achievers ETF stock opened at $83.32 on Friday. First Trust Rising Dividend Achievers ETF has a 1 year low of $63.58 and a 1 year high of $83.99. The firm has a 50 day moving average price of $79.51 and a 200 day moving average price of $74.76. The company has a market cap of $25.55 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00.
First Trust Rising Dividend Achievers ETF Cuts Dividend
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.
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Want to see what other hedge funds are holding RDVY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY – Free Report).
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