Private Advisor Group LLC Lowers Stake in First Trust Rising Dividend Achievers ETF $RDVY

Private Advisor Group LLC reduced its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 0.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,603,193 shares of the company’s stock after selling 7,774 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up about 0.8% of Private Advisor Group LLC’s investment portfolio, making the stock its 17th largest holding. Private Advisor Group LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $177,746,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 70.2% in the 1st quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock worth $1,819,000 after buying an additional 12,820 shares during the period. First Trust Advisors LP raised its holdings in First Trust Rising Dividend Achievers ETF by 104.0% during the second quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock valued at $1,502,000 after acquiring an additional 12,204 shares during the period. Cerity Partners LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 38.1% in the second quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock valued at $355,000 after acquiring an additional 1,561 shares in the last quarter. Betterment LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 19.4% in the second quarter. Betterment LLC now owns 48,475 shares of the company’s stock valued at $3,041,000 after acquiring an additional 7,892 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF in the second quarter worth about $1,433,000.

First Trust Rising Dividend Achievers ETF Stock Down 0.5%

NASDAQ RDVY opened at $80.14 on Friday. First Trust Rising Dividend Achievers ETF has a twelve month low of $61.84 and a twelve month high of $81.36. The business has a 50-day moving average price of $76.38 and a 200-day moving average price of $73.00. The firm has a market cap of $24.13 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00.

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 issued a $0.1474 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.59 dividend on an annualized basis and a yield of 0.7%.

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.