Hidden Cove Wealth Management LLC Sells 6,939 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Hidden Cove Wealth Management LLC lowered its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 31.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,051 shares of the company’s stock after selling 6,939 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises approximately 0.7% of Hidden Cove Wealth Management LLC’s holdings, making the stock its 25th largest holding. Hidden Cove Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,012,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in RDVY. Compass Financial Services Inc bought a new stake in First Trust Rising Dividend Achievers ETF in the first quarter valued at about $26,000. Farmers & Merchants Investments Inc. acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the 2nd quarter worth about $26,000. Mather Group LLC. bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the 3rd quarter valued at about $31,000. Private Wealth Asset Management LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 201.1% in the 2nd quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock valued at $33,000 after acquiring an additional 352 shares during the period. Finally, Quaker Wealth Management LLC boosted its stake in First Trust Rising Dividend Achievers ETF by 200.2% during the 2nd quarter. Quaker Wealth Management LLC now owns 568 shares of the company’s stock worth $36,000 after acquiring an additional 1,135 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ RDVY opened at $72.68 on Friday. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $72.89. The stock has a market cap of $19.98 billion, a P/E ratio of 15.46 and a beta of 1.10. The firm has a 50 day moving average price of $68.92 and a 200 day moving average price of $66.52.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company 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. The ex-dividend date was Friday, December 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15.

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.