Ameriflex Group Inc. Trims Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Ameriflex Group Inc. decreased its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 54.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,557 shares of the company’s stock after selling 10,396 shares during the period. Ameriflex Group Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RDVY. WealthCare Investment Partners LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 0.3% during the 2nd quarter. WealthCare Investment Partners LLC now owns 59,562 shares of the company’s stock valued at $3,799,000 after buying an additional 161 shares during the last quarter. Raleigh Capital Management Inc. raised its stake in shares of First Trust Rising Dividend Achievers ETF by 34.2% during the 2nd quarter. Raleigh Capital Management Inc. now owns 648 shares of the company’s stock valued at $41,000 after buying an additional 165 shares during the last quarter. Barrett & Company Inc. raised its stake in shares of First Trust Rising Dividend Achievers ETF by 0.7% during the 2nd quarter. Barrett & Company Inc. now owns 31,120 shares of the company’s stock valued at $1,952,000 after buying an additional 206 shares during the last quarter. Kaydan Wealth Management Inc. raised its stake in shares of First Trust Rising Dividend Achievers ETF by 1.1% during the 1st quarter. Kaydan Wealth Management Inc. now owns 18,404 shares of the company’s stock valued at $1,077,000 after buying an additional 207 shares during the last quarter. Finally, Purus Wealth Management LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 0.4% during the 1st quarter. Purus Wealth Management LLC now owns 50,320 shares of the company’s stock valued at $2,946,000 after buying an additional 207 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ RDVY opened at $67.67 on Friday. The stock has a 50-day simple moving average of $65.56 and a two-hundred day simple moving average of $61.67. The firm has a market capitalization of $17.35 billion, a P/E ratio of 15.46 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $68.06.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a dividend of $0.1487 per share. The ex-dividend date was Thursday, September 25th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.9%.

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.