Northwest Financial Advisors Sells 25,298 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Northwest Financial Advisors decreased its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 57.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,996 shares of the company’s stock after selling 25,298 shares during the period. First Trust Rising Dividend Achievers ETF comprises about 1.7% of Northwest Financial Advisors’ investment portfolio, making the stock its 15th biggest position. Northwest Financial Advisors’ holdings in First Trust Rising Dividend Achievers ETF were worth $1,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. 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 worth $1,386,612,000 after buying 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 worth $644,088,000 after buying an additional 971,388 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 7.7% in 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. Envestnet Asset Management Inc. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 26.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,328,699 shares of the company’s stock worth $271,583,000 after buying an additional 907,673 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 3.5% in 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.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY stock opened at $68.09 on Wednesday. First Trust Rising Dividend Achievers ETF has a 52 week low of $50.27 and a 52 week high of $68.43. The firm’s fifty day moving average is $66.52 and its 200 day moving average is $62.93. The firm has a market cap of $17.70 billion, a P/E ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced 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 of this dividend was Thursday, September 25th. This represents a $0.59 annualized dividend and a dividend yield of 0.9%.

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.