PCA Investment Advisory Services Inc. Sells 1,288 Shares of First Trust Rising Dividend Achievers ETF $RDVY

PCA Investment Advisory Services Inc. reduced its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 47,143 shares of the company’s stock after selling 1,288 shares during the period. First Trust Rising Dividend Achievers ETF accounts for about 1.2% of PCA Investment Advisory Services Inc.’s holdings, making the stock its 23rd largest position. PCA Investment Advisory Services Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $2,958,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. GGM Financials LLC bought a new stake in First Trust Rising Dividend Achievers ETF during the second quarter worth approximately $1,856,000. Rossby Financial LCC increased its stake in First Trust Rising Dividend Achievers ETF by 103.5% during the second quarter. Rossby Financial LCC now owns 1,640 shares of the company’s stock worth $103,000 after acquiring an additional 834 shares during the last quarter. Wealth Watch Advisors INC increased its stake in First Trust Rising Dividend Achievers ETF by 13.4% during the second quarter. Wealth Watch Advisors INC now owns 10,284 shares of the company’s stock worth $645,000 after acquiring an additional 1,215 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in First Trust Rising Dividend Achievers ETF during the second quarter worth approximately $1,574,000. Finally, Envestnet Asset Management Inc. increased its stake in First Trust Rising Dividend Achievers ETF by 26.5% during the second quarter. Envestnet Asset Management Inc. now owns 4,328,699 shares of the company’s stock worth $271,583,000 after acquiring an additional 907,673 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ RDVY opened at $68.09 on Wednesday. The business’s 50 day moving average is $66.52 and its two-hundred day moving average is $62.93. First Trust Rising Dividend Achievers ETF has a 1-year low of $50.27 and a 1-year high of $68.43. The stock has a market capitalization 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were paid a dividend of $0.1487 per share. This represents a $0.59 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, September 25th.

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.