Triton Wealth Management PLLC Trims Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

Triton Wealth Management PLLC lowered its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 39.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,834 shares of the company’s stock after selling 19,706 shares during the period. First Trust Rising Dividend Achievers ETF accounts for about 0.8% of Triton Wealth Management PLLC’s holdings, making the stock its 22nd biggest position. Triton Wealth Management PLLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $2,147,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of RDVY. First Horizon Corp purchased a new position in First Trust Rising Dividend Achievers ETF in the 3rd quarter worth approximately $25,000. Financial Perspectives Inc purchased a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter worth approximately $26,000. Trust Co. of Vermont purchased a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter worth approximately $27,000. Cullen Frost Bankers Inc. purchased a new position in First Trust Rising Dividend Achievers ETF in the 3rd quarter worth approximately $28,000. Finally, United Community Bank purchased a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter worth approximately $28,000.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY stock opened at $74.35 on Friday. First Trust Rising Dividend Achievers ETF has a one year low of $59.01 and a one year high of $75.75. The stock has a market cap of $21.84 billion, a PE ratio of 15.46 and a beta of 1.02. The firm has a 50 day simple moving average of $71.54 and a two-hundred day simple moving average of $70.69.

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 paid a $0.1813 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, March 26th.

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.