Stegent Equity Advisors Inc. Sells 7,657 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Stegent Equity Advisors Inc. cut its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 12.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,133 shares of the company’s stock after selling 7,657 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for approximately 3.1% of Stegent Equity Advisors Inc.’s holdings, making the stock its 7th biggest position. Stegent Equity Advisors Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $3,628,000 at the end of the most recent reporting period.

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

First Trust Rising Dividend Achievers ETF Trading Down 0.6%

Shares of RDVY opened at $80.58 on Thursday. The stock’s 50 day moving average is $76.27 and its two-hundred day moving average is $72.93. First Trust Rising Dividend Achievers ETF has a twelve month low of $61.84 and a twelve month high of $81.36. The firm has a market capitalization of $23.67 billion, a PE ratio of 15.46 and a beta of 1.01.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.1474 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.7%.

First Trust Rising Dividend Achievers ETF Company 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.