First Trust Rising Dividend Achievers ETF $RDVY Holdings Cut by Titleist Asset Management LLC

Titleist Asset Management LLC reduced its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 18.9% in the third quarter, HoldingsChannel.com reports. The fund owned 62,002 shares of the company’s stock after selling 14,456 shares during the quarter. Titleist Asset Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,170,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC boosted its position in First Trust Rising Dividend Achievers ETF by 70.2% during the 1st quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock valued at $1,819,000 after purchasing an additional 12,820 shares during the period. DAVENPORT & Co LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.5% during the second quarter. DAVENPORT & Co LLC now owns 122,493 shares of the company’s stock valued at $7,685,000 after acquiring an additional 5,266 shares during the period. Valeo Financial Advisors LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF during the second quarter worth about $1,096,000. BankPlus Trust Department grew its position in shares of First Trust Rising Dividend Achievers ETF by 10.3% during the second quarter. BankPlus Trust Department now owns 4,183 shares of the company’s stock worth $262,000 after acquiring an additional 391 shares during the last quarter. Finally, Valmark Advisers Inc. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 5.9% in the 2nd quarter. Valmark Advisers Inc. now owns 318,347 shares of the company’s stock worth $19,973,000 after acquiring an additional 17,666 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Down 0.4%

Shares of NASDAQ:RDVY opened at $71.85 on Thursday. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $73.43. The company has a market cap of $20.21 billion, a PE ratio of 15.46 and a beta of 1.10. The company’s 50-day moving average price is $70.86 and its 200 day moving average price is $67.74.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.1996 per share. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, December 12th.

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.