Flaharty Asset Management LLC Sells 4,428 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Flaharty Asset Management LLC cut its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 7.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 56,568 shares of the company’s stock after selling 4,428 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for 0.7% of Flaharty Asset Management LLC’s portfolio, making the stock its 17th biggest position. Flaharty Asset Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $3,549,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of RDVY. Bank of New York Mellon Corp boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 440.8% during the first quarter. Bank of New York Mellon Corp now owns 27,683 shares of the company’s stock valued at $1,621,000 after purchasing an additional 22,564 shares during the period. Kingsview Wealth Management LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 26.9% during the 1st quarter. Kingsview Wealth Management LLC now owns 91,981 shares of the company’s stock valued at $5,385,000 after buying an additional 19,476 shares during the last quarter. Independent Wealth Network Inc. boosted its position in First Trust Rising Dividend Achievers ETF by 12.9% during the 1st quarter. Independent Wealth Network Inc. now owns 6,449 shares of the company’s stock valued at $378,000 after buying an additional 736 shares during the period. Private Advisor Group LLC boosted its position in First Trust Rising Dividend Achievers ETF by 3.7% during the 1st quarter. Private Advisor Group LLC now owns 1,902,358 shares of the company’s stock valued at $111,364,000 after buying an additional 67,296 shares during the period. Finally, Willner & Heller LLC grew its holdings in First Trust Rising Dividend Achievers ETF by 8.6% in the 1st quarter. Willner & Heller LLC now owns 57,564 shares of the company’s stock worth $3,370,000 after acquiring an additional 4,581 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Trading Down 0.4%

Shares of NASDAQ:RDVY opened at $66.93 on Friday. The company has a market cap of $17.49 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. The company has a 50-day moving average price of $67.00 and a 200-day moving average price of $63.97. First Trust Rising Dividend Achievers ETF has a 12 month low of $50.27 and a 12 month high of $68.49.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.