First Trust Rising Dividend Achievers ETF $RDVY is Guided Capital Wealth Management LLC’s 3rd Largest Position

Guided Capital Wealth Management LLC cut its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 1.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 134,022 shares of the company’s stock after selling 2,008 shares during the period. First Trust Rising Dividend Achievers ETF comprises approximately 6.5% of Guided Capital Wealth Management LLC’s portfolio, making the stock its 3rd largest position. Guided Capital Wealth Management LLC owned approximately 0.06% of First Trust Rising Dividend Achievers ETF worth $8,409,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. WealthCare Investment Partners LLC lifted its position in First Trust Rising Dividend Achievers ETF by 0.3% in the second quarter. WealthCare Investment Partners LLC now owns 59,562 shares of the company’s stock valued at $3,799,000 after acquiring an additional 161 shares during the last quarter. Continuum Advisory LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 1.7% during the fourth quarter. Continuum Advisory LLC now owns 10,589 shares of the company’s stock worth $626,000 after buying an additional 173 shares during the period. Flagstar Advisors Inc. boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 0.3% during the first quarter. Flagstar Advisors Inc. now owns 59,780 shares of the company’s stock worth $3,500,000 after buying an additional 202 shares during the period. Kaydan Wealth Management Inc. boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 1.1% during the first quarter. Kaydan Wealth Management Inc. now owns 18,404 shares of the company’s stock worth $1,077,000 after buying an additional 207 shares during the period. Finally, Purus Wealth Management LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 0.4% during the first quarter. Purus Wealth Management LLC now owns 50,320 shares of the company’s stock worth $2,946,000 after buying an additional 207 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY opened at $66.96 on Friday. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $67.13. The company has a market capitalization of $16.34 billion, a price-to-earnings ratio of 15.46 and a beta of 1.15. The firm has a 50-day simple moving average of $64.73 and a 200-day simple moving average of $61.03.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a dividend of $0.1706 per share. The ex-dividend date was Thursday, June 26th. This represents a $0.68 annualized dividend and a dividend yield of 1.0%.

First Trust Rising Dividend Achievers ETF Company 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.