First Trust Rising Dividend Achievers ETF $RDVY Stake Trimmed by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lessened its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 90.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,691 shares of the company’s stock after selling 51,057 shares during the period. First Trust Rising Dividend Achievers ETF makes up about 0.7% of Thurston Springer Miller Herd & Titak Inc.’s investment portfolio, making the stock its 25th largest position. Thurston Springer Miller Herd & Titak Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $446,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Basepoint Wealth LLC lifted its position in First Trust Rising Dividend Achievers ETF by 4.5% during the first quarter. Basepoint Wealth LLC now owns 3,187 shares of the company’s stock valued at $218,000 after purchasing an additional 136 shares during the last quarter. Retirement Planning Group LLC increased its holdings 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 worth $547,000 after buying an additional 138 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 1.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,408 shares of the company’s stock worth $1,363,000 after buying an additional 177 shares during the last quarter. MBE Wealth Management LLC increased its holdings in shares of 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 buying an additional 179 shares during the last quarter. Finally, Castleview Partners LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 2.8% during the 1st quarter. Castleview Partners LLC now owns 6,898 shares of the company’s stock valued at $471,000 after buying an additional 189 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Down 1.2%

RDVY traded down $0.93 on Wednesday, hitting $78.61. The company had a trading volume of 590,032 shares, compared to its average volume of 1,279,337. The company has a market cap of $25.10 billion, a PE ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 12-month low of $64.99 and a 12-month high of $84.02. The business’s fifty day simple moving average is $80.95 and its 200 day simple moving average is $77.91.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a $0.1521 dividend. The ex-dividend date was Thursday, September 24th. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474. This represents a $0.61 annualized dividend and a dividend yield of 0.8%.

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.