First Trust Rising Dividend Achievers ETF $RDVY Shares Sold by Private Client Services LLC

Private Client Services LLC cut its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 68.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 14,239 shares of the company’s stock after selling 30,342 shares during the period. Private Client Services LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,115,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. LPL Financial LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 10.5% during the fourth 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 during the last quarter. Arax Advisory Partners acquired a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at approximately $47,643,000. Elevation Point Wealth Partners LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 1,520.4% during the first quarter. Elevation Point Wealth Partners LLC now owns 722,842 shares of the company’s stock valued at $49,356,000 after acquiring an additional 678,232 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of First Trust Rising Dividend Achievers ETF by 126.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 951,998 shares of the company’s stock valued at $66,135,000 after acquiring an additional 530,990 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 640.9% during the fourth quarter. BNP Paribas Financial Markets now owns 554,949 shares of the company’s stock worth $38,552,000 after purchasing an additional 480,047 shares during the period.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of First Trust Rising Dividend Achievers ETF stock traded up $0.13 during trading on Friday, hitting $79.32. The company’s stock had a trading volume of 678,004 shares, compared to its average volume of 1,289,909. First Trust Rising Dividend Achievers ETF has a 52 week low of $64.97 and a 52 week high of $84.02. The stock has a market cap of $25.19 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. The stock has a 50-day moving average price of $81.20 and a two-hundred day moving average price of $77.32.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a dividend of $0.1521 per share. This represents a $0.61 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, September 24th. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474.

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.