First Trust Rising Dividend Achievers ETF $RDVY Stake Reduced by Beacon Financial Advisory LLC

Beacon Financial Advisory LLC cut its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 18,363 shares of the company’s stock after selling 372 shares during the quarter. Beacon Financial Advisory LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,152,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Signal Advisors Wealth LLC purchased a new position in First Trust Rising Dividend Achievers ETF in the 1st quarter worth about $238,000. Sovereign Financial Group Inc. increased its stake in First Trust Rising Dividend Achievers ETF by 4.8% in the 1st quarter. Sovereign Financial Group Inc. now owns 123,229 shares of the company’s stock worth $7,214,000 after purchasing an additional 5,608 shares in the last quarter. StoneCrest Wealth Management Inc. purchased a new position in First Trust Rising Dividend Achievers ETF in the 1st quarter worth about $6,602,000. Whitaker Myers Wealth Managers LTD. increased its stake in First Trust Rising Dividend Achievers ETF by 2.6% in the 1st quarter. Whitaker Myers Wealth Managers LTD. now owns 25,924 shares of the company’s stock worth $1,518,000 after purchasing an additional 645 shares in the last quarter. Finally, Miracle Mile Advisors LLC purchased a new position in First Trust Rising Dividend Achievers ETF in the 1st quarter worth about $620,000.

First Trust Rising Dividend Achievers ETF Trading Up 0.1%

Shares of RDVY opened at $67.67 on Friday. The business’s 50-day moving average price is $65.56 and its 200 day moving average price is $61.68. The stock 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 1-year low of $50.27 and a 1-year high of $68.06.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a $0.1487 dividend. The ex-dividend date of this dividend 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 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.