ORBA Wealth Advisors L.L.C. Sells 7,311 Shares of First Trust Rising Dividend Achievers ETF $RDVY

ORBA Wealth Advisors L.L.C. decreased its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 19.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,197 shares of the company’s stock after selling 7,311 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises approximately 2.5% of ORBA Wealth Advisors L.L.C.’s investment portfolio, making the stock its 13th biggest holding. ORBA Wealth Advisors L.L.C.’s holdings in First Trust Rising Dividend Achievers ETF were worth $2,130,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Financial Perspectives Inc bought a new position in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter worth $26,000. Huntington National Bank increased its holdings in First Trust Rising Dividend Achievers ETF by 37,000.0% in the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock valued at $26,000 after purchasing an additional 370 shares during the last quarter. Trust Co. of Vermont acquired a new position in First Trust Rising Dividend Achievers ETF in the fourth quarter valued at about $27,000. United Community Bank acquired a new position in First Trust Rising Dividend Achievers ETF in the fourth quarter valued at about $28,000. Finally, Lloyd Advisory Services LLC. bought a new position in First Trust Rising Dividend Achievers ETF during the fourth quarter worth about $36,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of First Trust Rising Dividend Achievers ETF stock traded down $0.87 during trading on Tuesday, hitting $79.63. 213,253 shares of the company were exchanged, compared to its average volume of 1,405,805. The firm has a market capitalization of $24.04 billion, a P/E ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 1-year low of $61.84 and a 1-year high of $81.36. The firm’s fifty day moving average price is $76.61 and its 200 day moving average price is $73.14.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.1474 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.59 dividend on an annualized basis and a yield of 0.7%.

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.