First Trust Rising Dividend Achievers ETF $RDVY is SMART Wealth LLC’s 4th Largest Position

SMART Wealth LLC reduced its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 7.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 116,296 shares of the company’s stock after selling 9,243 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up approximately 2.3% of SMART Wealth LLC’s investment portfolio, making the stock its 4th biggest position. SMART Wealth LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $7,941,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quad Cities Investment Group LLC grew its holdings in First Trust Rising Dividend Achievers ETF by 0.7% during the fourth quarter. Quad Cities Investment Group LLC now owns 21,219 shares of the company’s stock valued at $1,474,000 after purchasing an additional 157 shares during the period. Allworth Financial LP raised its stake in shares of First Trust Rising Dividend Achievers ETF by 0.3% in the third quarter. Allworth Financial LP now owns 59,767 shares of the company’s stock worth $4,020,000 after buying an additional 159 shares during the period. Insigneo Advisory Services LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 0.8% during the 3rd quarter. Insigneo Advisory Services LLC now owns 19,956 shares of the company’s stock valued at $1,342,000 after buying an additional 163 shares in the last quarter. MBE Wealth Management LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 2.7% during the 1st quarter. MBE Wealth Management LLC now owns 6,798 shares of the company’s stock valued at $464,000 after buying an additional 179 shares in the last quarter. Finally, Acorn Wealth Advisors LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF by 3.7% during the 4th quarter. Acorn Wealth Advisors LLC now owns 5,481 shares of the company’s stock valued at $381,000 after acquiring an additional 197 shares during the period.

First Trust Rising Dividend Achievers ETF Trading Up 0.7%

First Trust Rising Dividend Achievers ETF stock opened at $81.06 on Wednesday. The firm has a 50 day moving average of $76.15 and a 200 day moving average of $72.86. The firm has a market capitalization of $23.81 billion, a price-to-earnings ratio of 15.46 and a beta of 1.01. First Trust Rising Dividend Achievers ETF has a 12-month low of $61.84 and a 12-month high of $81.36.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.