First Trust Rising Dividend Achievers ETF $RDVY Stock Position Lowered by AdvisorNet Financial Inc

AdvisorNet Financial Inc lessened its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,765 shares of the company’s stock after selling 905 shares during the quarter. AdvisorNet Financial Inc’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,742,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in First Trust Rising Dividend Achievers ETF by 440.8% in the 1st quarter. Bank of New York Mellon Corp now owns 27,683 shares of the company’s stock valued at $1,621,000 after buying an additional 22,564 shares during the period. Assetmark Inc. increased its stake in First Trust Rising Dividend Achievers ETF by 772.8% in the 1st quarter. Assetmark Inc. now owns 64,832 shares of the company’s stock valued at $3,795,000 after buying an additional 57,404 shares during the period. Fifth Third Bancorp increased its stake in First Trust Rising Dividend Achievers ETF by 652.0% in the 1st quarter. Fifth Third Bancorp now owns 940 shares of the company’s stock valued at $55,000 after buying an additional 815 shares during the period. Arkadios Wealth Advisors increased its stake in First Trust Rising Dividend Achievers ETF by 69.9% in the 1st quarter. Arkadios Wealth Advisors now owns 207,911 shares of the company’s stock valued at $12,171,000 after buying an additional 85,516 shares during the period. Finally, Dynamic Advisor Solutions LLC increased its stake in First Trust Rising Dividend Achievers ETF by 44.9% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 6,890 shares of the company’s stock valued at $403,000 after buying an additional 2,136 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

First Trust Rising Dividend Achievers ETF stock opened at $67.10 on Tuesday. The firm has a market cap of $16.37 billion, a PE ratio of 15.46 and a beta of 1.15. The firm’s 50 day moving average price is $64.87 and its two-hundred day moving average price is $61.15. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $67.17.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared 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%.

About First Trust Rising Dividend Achievers ETF

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.