Strategic Planning Group LLC Lowers Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Strategic Planning Group LLC reduced its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 98.4% in the third quarter, Holdings Channel.com reports. The fund owned 3,750 shares of the company’s stock after selling 229,557 shares during the quarter. Strategic Planning Group LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $252,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Compass Financial Services Inc purchased a new stake in First Trust Rising Dividend Achievers ETF in the 1st quarter worth approximately $26,000. Farmers & Merchants Investments Inc. bought a new position in shares of First Trust Rising Dividend Achievers ETF in the second quarter worth $26,000. Mather Group LLC. bought a new stake in First Trust Rising Dividend Achievers ETF during the third quarter valued at $31,000. Private Wealth Asset Management LLC boosted its stake in First Trust Rising Dividend Achievers ETF by 201.1% during the second quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock valued at $33,000 after buying an additional 352 shares during the period. Finally, Quaker Wealth Management LLC grew its position in First Trust Rising Dividend Achievers ETF by 200.2% during the second quarter. Quaker Wealth Management LLC now owns 568 shares of the company’s stock worth $36,000 after buying an additional 1,135 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Down 1.0%

Shares of NASDAQ RDVY opened at $71.64 on Thursday. The stock’s 50-day simple moving average is $68.72 and its two-hundred day simple moving average is $66.40. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $72.45. The firm has a market capitalization of $19.67 billion, a P/E ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.1996 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, December 12th.

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.