First Trust Rising Dividend Achievers ETF $RDVY Shares Sold by IFP Advisors Inc

IFP Advisors Inc cut its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 5.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 117,303 shares of the company’s stock after selling 7,354 shares during the quarter. IFP Advisors Inc’s holdings in First Trust Rising Dividend Achievers ETF were worth $9,509,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Basepoint Wealth LLC raised its position 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 increased its stake in shares of First Trust Rising Dividend Achievers ETF by 1.8% in the 1st 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 in the last quarter. MBE Wealth Management LLC raised its holdings 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 raised its holdings in 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 purchasing an additional 189 shares during the period. Finally, Acorn Wealth Advisors LLC boosted its position in First Trust Rising Dividend Achievers ETF by 3.7% during the fourth quarter. Acorn Wealth Advisors LLC now owns 5,481 shares of the company’s stock worth $381,000 after purchasing an additional 197 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Trading Down 0.6%

Shares of RDVY opened at $80.64 on Thursday. The firm has a market cap of $24.73 billion, a P/E ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 12 month low of $64.97 and a 12 month high of $84.02. The stock’s 50 day moving average is $81.41 and its two-hundred day moving average is $76.39.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business 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. 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.