Concorde Asset Management LLC Trims Position in First Trust Rising Dividend Achievers ETF $RDVY

Concorde Asset Management LLC lessened its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 15.9% in the fourth quarter, Holdings Channel reports. The fund owned 44,799 shares of the company’s stock after selling 8,443 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises 1.2% of Concorde Asset Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Concorde Asset Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $3,112,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Huntington National Bank increased its position in First Trust Rising Dividend Achievers ETF by 37,000.0% in the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after buying an additional 370 shares in the last quarter. Financial Perspectives Inc purchased a new stake in First Trust Rising Dividend Achievers ETF in the fourth quarter worth about $26,000. Trust Co. of Vermont purchased a new stake in First Trust Rising Dividend Achievers ETF in the fourth quarter worth about $27,000. United Community Bank purchased a new stake in First Trust Rising Dividend Achievers ETF in the fourth quarter worth about $28,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in First Trust Rising Dividend Achievers ETF in the fourth quarter worth about $36,000.

First Trust Rising Dividend Achievers ETF Stock Up 1.1%

Shares of RDVY opened at $78.58 on Friday. The business has a 50-day simple moving average of $74.31 and a two-hundred day simple moving average of $71.92. The stock has a market cap of $23.08 billion, a price-to-earnings ratio of 15.46 and a beta of 1.01. First Trust Rising Dividend Achievers ETF has a 52 week low of $60.30 and a 52 week high of $78.71.

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 given a $0.1813 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.73 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.