Pine Valley Investments Ltd Liability Co Decreases Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Pine Valley Investments Ltd Liability Co lowered its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 5.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 286,474 shares of the company’s stock after selling 17,247 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up approximately 0.9% of Pine Valley Investments Ltd Liability Co’s portfolio, making the stock its 24th largest holding. Pine Valley Investments Ltd Liability Co’s holdings in First Trust Rising Dividend Achievers ETF were worth $19,560,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in RDVY. Basepoint Wealth LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF by 4.5% in the first quarter. Basepoint Wealth LLC now owns 3,187 shares of the company’s stock worth $218,000 after acquiring an additional 136 shares during the period. Retirement Planning Group LLC lifted its position in First Trust Rising Dividend Achievers ETF by 1.8% during the first quarter. Retirement Planning Group LLC now owns 8,013 shares of the company’s stock valued at $547,000 after purchasing an additional 138 shares during the period. MBE Wealth Management LLC grew its position in First Trust Rising Dividend Achievers ETF by 2.7% in the 1st quarter. MBE Wealth Management LLC now owns 6,798 shares of the company’s stock worth $464,000 after purchasing an additional 179 shares during the period. Castleview Partners LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 2.8% in the 1st quarter. Castleview Partners LLC now owns 6,898 shares of the company’s stock worth $471,000 after buying an additional 189 shares during the last quarter. Finally, Acorn Wealth Advisors LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 3.7% in the 4th quarter. Acorn Wealth Advisors LLC now owns 5,481 shares of the company’s stock worth $381,000 after buying an additional 197 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of RDVY opened at $81.09 on Monday. First Trust Rising Dividend Achievers ETF has a one year low of $62.02 and a one year high of $81.46. The firm has a market capitalization of $24.83 billion, a P/E ratio of 15.46 and a beta of 1.00. The business has a fifty day moving average of $78.78 and a 200 day moving average of $74.40.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.1474 dividend. This represents a $0.59 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 25th.

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.