First Trust Rising Dividend Achievers ETF $RDVY Shares Sold by Hidden Cove Wealth Management LLC

Hidden Cove Wealth Management LLC trimmed its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 68.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,990 shares of the company’s stock after selling 46,693 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up approximately 1.0% of Hidden Cove Wealth Management LLC’s holdings, making the stock its 19th largest position. Hidden Cove Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,380,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. LPL Financial LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 11.2% in the 1st quarter. LPL Financial LLC now owns 23,686,574 shares of the company’s stock valued at $1,386,612,000 after acquiring an additional 2,379,430 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 9.7% in the 1st quarter. Raymond James Financial Inc. now owns 11,002,535 shares of the company’s stock valued at $644,088,000 after acquiring an additional 971,388 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in First Trust Rising Dividend Achievers ETF by 7.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 6,074,450 shares of the company’s stock worth $355,598,000 after buying an additional 434,447 shares during the last quarter. Royal Bank of Canada grew its stake in First Trust Rising Dividend Achievers ETF by 3.5% during the 1st quarter. Royal Bank of Canada now owns 3,521,054 shares of the company’s stock worth $206,123,000 after buying an additional 118,032 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in First Trust Rising Dividend Achievers ETF by 10.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,421,026 shares of the company’s stock worth $200,267,000 after buying an additional 334,330 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of RDVY opened at $67.10 on Tuesday. The company has a market cap of $16.37 billion, a P/E ratio of 15.46 and a beta of 1.15. The stock has a fifty day moving average price of $64.87 and a 200 day moving average price of $61.15. First Trust Rising Dividend Achievers ETF has a 12 month low of $50.27 and a 12 month high of $67.17.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.