Alta Wealth Advisors LLC Reduces Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Alta Wealth Advisors LLC decreased its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 5.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,301 shares of the company’s stock after selling 302 shares during the quarter. Alta Wealth Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $333,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in shares of 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 worth $1,621,000 after purchasing an additional 22,564 shares during the period. Assetmark Inc. boosted its holdings in shares of 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 worth $3,795,000 after purchasing an additional 57,404 shares during the period. Fifth Third Bancorp boosted its holdings in shares of 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 worth $55,000 after purchasing an additional 815 shares during the period. Arkadios Wealth Advisors boosted its holdings in shares of 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 worth $12,171,000 after purchasing an additional 85,516 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its holdings in shares of 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 worth $403,000 after purchasing an additional 2,136 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of First Trust Rising Dividend Achievers ETF stock opened at $67.67 on Friday. The stock has a market cap of $17.35 billion, a price-to-earnings ratio of 15.46 and a beta of 1.15. The stock has a 50 day moving average price of $65.56 and a 200-day moving average price of $61.68. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $68.06.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued 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 yield of 0.9%.

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.