Harbour Investments Inc. Decreases Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

Harbour Investments Inc. lessened its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 13.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 578,881 shares of the company’s stock after selling 87,728 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises 0.8% of Harbour Investments Inc.’s holdings, making the stock its 17th largest position. Harbour Investments Inc. owned 0.21% of First Trust Rising Dividend Achievers ETF worth $40,215,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in RDVY. 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 position in First Trust Rising Dividend Achievers ETF by 104.0% during the second quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock worth $1,502,000 after buying an additional 12,204 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 38.1% during the 2nd quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock worth $355,000 after acquiring an additional 1,561 shares during the period. Betterment LLC raised its holdings 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 acquiring an additional 7,892 shares during the period. Finally, Darwin Wealth Management LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the 2nd quarter worth $1,433,000.

First Trust Rising Dividend Achievers ETF Stock Performance

First Trust Rising Dividend Achievers ETF stock opened at $75.24 on Tuesday. First Trust Rising Dividend Achievers ETF has a 12-month low of $59.01 and a 12-month high of $75.75. The stock has a market cap of $22.10 billion, a P/E ratio of 15.46 and a beta of 1.02. The company has a 50-day moving average price of $72.14 and a 200 day moving average price of $71.03.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.1813 per share. This represents a $0.73 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, March 26th.

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.