D.A. Davidson & CO. cut its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY – Free Report) by 2.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 956,176 shares of the company’s stock after selling 20,921 shares during the period. D.A. Davidson & CO. owned approximately 0.30% of First Trust Rising Dividend Achievers ETF worth $74,859,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Kings Path Partners LLC purchased a new stake in First Trust Rising Dividend Achievers ETF during the third quarter worth about $27,000. Bessemer Group Inc. purchased a new position in First Trust Rising Dividend Achievers ETF in the first quarter worth approximately $29,000. Anchor Investment Management LLC purchased a new position in First Trust Rising Dividend Achievers ETF in the first quarter worth approximately $34,000. Rosenberg Matthew Hamilton acquired a new position in First Trust Rising Dividend Achievers ETF during the 3rd quarter worth approximately $43,000. Finally, SYM FINANCIAL Corp acquired a new position in First Trust Rising Dividend Achievers ETF during the 3rd quarter worth approximately $55,000.
First Trust Rising Dividend Achievers ETF Price Performance
NASDAQ:RDVY opened at $79.32 on Thursday. First Trust Rising Dividend Achievers ETF has a 12 month low of $64.99 and a 12 month high of $84.02. The firm has a market capitalization of $25.42 billion, a PE ratio of 15.46 and a beta of 1.00. The business’s fifty day moving average price is $80.09 and its 200 day moving average price is $76.33.
First Trust Rising Dividend Achievers ETF Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a $0.1521 dividend. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474. This represents a $0.61 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, September 24th.
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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