HighTower Advisors LLC Sells 8,585 Shares of First Trust Rising Dividend Achievers ETF $RDVY

HighTower Advisors LLC trimmed its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 0.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,407,827 shares of the company’s stock after selling 8,585 shares during the period. HighTower Advisors LLC owned about 0.54% of First Trust Rising Dividend Achievers ETF worth $94,691,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RDVY. First Horizon Corp purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the 3rd quarter worth about $25,000. Cullen Frost Bankers Inc. purchased a new stake in First Trust Rising Dividend Achievers ETF during the 3rd quarter valued at $28,000. Mather Group LLC. bought a new position in First Trust Rising Dividend Achievers ETF in the third quarter valued at about $31,000. Quaker Wealth Management LLC lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 200.2% in the 2nd quarter. Quaker Wealth Management LLC now owns 568 shares of the company’s stock worth $36,000 after purchasing an additional 1,135 shares during the period. Finally, Collier Financial bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the 3rd quarter valued at $41,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of First Trust Rising Dividend Achievers ETF stock opened at $71.86 on Monday. The company has a fifty day moving average of $71.37 and a 200 day moving average of $68.18. The company has a market capitalization of $20.28 billion, a P/E ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $73.43.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.1996 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change 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.