First Trust Rising Dividend Achievers ETF $RDVY Shares Sold by SMART Wealth LLC

SMART Wealth LLC decreased its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,539 shares of the company’s stock after selling 7,798 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for approximately 2.7% of SMART Wealth LLC’s investment portfolio, making the stock its 3rd largest holding. SMART Wealth LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $8,721,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 1.8% during the second quarter. Raymond James Financial Inc. now owns 11,201,473 shares of the company’s stock worth $702,780,000 after purchasing an additional 198,938 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 10.1% during the third quarter. Ameriprise Financial Inc. now owns 7,790,897 shares of the company’s stock worth $523,914,000 after purchasing an additional 716,800 shares during the period. Bank of America Corp DE lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 7.0% during the third quarter. Bank of America Corp DE now owns 6,992,315 shares of the company’s stock worth $470,303,000 after purchasing an additional 455,258 shares during the period. UBS Group AG lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 12.2% during the third quarter. UBS Group AG now owns 5,740,264 shares of the company’s stock worth $386,090,000 after purchasing an additional 624,936 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 13.3% during the third quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock worth $329,979,000 after purchasing an additional 577,318 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Up 1.8%

First Trust Rising Dividend Achievers ETF stock opened at $74.50 on Friday. First Trust Rising Dividend Achievers ETF has a 52 week low of $52.88 and a 52 week high of $74.96. The company has a market capitalization of $21.72 billion, a price-to-earnings ratio of 15.46 and a beta of 1.03. The stock has a 50-day moving average price of $70.79 and a 200 day moving average price of $69.74.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.1813 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.73 dividend on an annualized basis and a yield of 1.0%.

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.