HighTower Advisors LLC Sells 181,850 Shares of First Trust Rising Dividend Achievers ETF $RDVY

HighTower Advisors LLC decreased its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 11.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,342,401 shares of the company’s stock after selling 181,850 shares during the period. HighTower Advisors LLC owned 0.44% of First Trust Rising Dividend Achievers ETF worth $108,815,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. LPL Financial LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF by 10.5% in the 4th quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock worth $2,119,121,000 after purchasing an additional 2,907,770 shares in the last quarter. Morgan Stanley lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 4.9% in the fourth quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock worth $1,400,025,000 after buying an additional 940,590 shares in the last quarter. Raymond James Financial Inc. boosted its stake in First Trust Rising Dividend Achievers ETF by 2.2% during the 4th quarter. Raymond James Financial Inc. now owns 11,285,710 shares of the company’s stock valued at $784,018,000 after purchasing an additional 243,585 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 10.6% during the 4th quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock valued at $783,359,000 after acquiring an additional 1,076,558 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in First Trust Rising Dividend Achievers ETF by 3.0% during the first quarter. Bank of America Corp DE now owns 7,444,315 shares of the company’s stock valued at $508,298,000 after purchasing an additional 219,060 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ:RDVY opened at $82.04 on Monday. First Trust Rising Dividend Achievers ETF has a 12 month low of $64.97 and a 12 month high of $84.02. The company has a market cap of $25.16 billion, a PE ratio of 15.46 and a beta of 1.00. The company has a 50 day simple moving average of $81.37 and a two-hundred day simple moving average of $76.20.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.