Westside Investment Management Inc. Reduces Stake in First Trust Rising Dividend Achievers ETF $RDVY

Westside Investment Management Inc. decreased its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 40.0% during the second quarter, HoldingsChannel.com reports. The firm owned 3,700 shares of the company’s stock after selling 2,471 shares during the period. Westside Investment Management Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $232,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in RDVY. LPL Financial LLC lifted its holdings in First Trust Rising Dividend Achievers ETF by 11.2% during the 1st quarter. LPL Financial LLC now owns 23,686,574 shares of the company’s stock worth $1,386,612,000 after purchasing an additional 2,379,430 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in First Trust Rising Dividend Achievers ETF by 9.7% during the 1st quarter. Raymond James Financial Inc. now owns 11,002,535 shares of the company’s stock worth $644,088,000 after purchasing an additional 971,388 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in First Trust Rising Dividend Achievers ETF by 26.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,328,699 shares of the company’s stock worth $271,583,000 after purchasing an additional 907,673 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in 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 acquiring an additional 434,447 shares during the last quarter. Finally, Truist Financial Corp increased its stake in First Trust Rising Dividend Achievers ETF by 44.3% in the 2nd quarter. Truist Financial Corp now owns 1,403,926 shares of the company’s stock worth $88,082,000 after acquiring an additional 430,935 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Up 0.0%

Shares of NASDAQ RDVY opened at $67.29 on Tuesday. The firm has a market capitalization of $17.56 billion, a P/E ratio of 15.46 and a beta of 1.10. The stock’s 50-day simple moving average is $66.70 and its two-hundred day simple moving average is $63.34. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $68.49.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.