Flaharty Asset Management LLC Reduces Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Flaharty Asset Management LLC reduced its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 93.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,298 shares of the company’s stock after selling 48,224 shares during the period. Flaharty Asset Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $264,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. AQR Capital Management LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 70.2% in the first quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock valued at $1,819,000 after acquiring an additional 12,820 shares in the last quarter. First Trust Advisors LP lifted its holdings in First Trust Rising Dividend Achievers ETF by 104.0% in the 2nd quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock valued at $1,502,000 after purchasing an additional 12,204 shares in the last quarter. Cerity Partners LLC lifted its holdings in First Trust Rising Dividend Achievers ETF by 38.1% in the 2nd quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock valued at $355,000 after purchasing an additional 1,561 shares in the last quarter. Betterment LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 19.4% during the 2nd quarter. Betterment LLC now owns 48,475 shares of the company’s stock worth $3,041,000 after purchasing an additional 7,892 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the 2nd quarter worth about $1,433,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ RDVY opened at $83.32 on Friday. The company has a 50-day simple moving average of $79.51 and a 200-day simple moving average of $74.76. The company has a market cap of $25.55 billion, a PE ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 12 month low of $63.58 and a 12 month high of $83.99.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.1474 dividend. This represents a $0.59 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 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.