Concorde Asset Management LLC Lowers Position in First Trust Rising Dividend Achievers ETF $RDVY

Concorde Asset Management LLC decreased its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 16.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,270 shares of the company’s stock after selling 7,529 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for approximately 1.2% of Concorde Asset Management LLC’s portfolio, making the stock its 23rd largest holding. Concorde Asset Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $2,545,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Basepoint Wealth LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 4.5% during the first quarter. Basepoint Wealth LLC now owns 3,187 shares of the company’s stock worth $218,000 after buying an additional 136 shares in the last quarter. Retirement Planning Group LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 1.8% in the first quarter. Retirement Planning Group LLC now owns 8,013 shares of the company’s stock valued at $547,000 after buying an additional 138 shares in the last quarter. MBE Wealth Management LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 2.7% in the first 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. Castleview Partners LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 2.8% in the first quarter. Castleview Partners LLC now owns 6,898 shares of the company’s stock worth $471,000 after acquiring an additional 189 shares during the period. Finally, Acorn Wealth Advisors LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 3.7% in the fourth quarter. Acorn Wealth Advisors LLC now owns 5,481 shares of the company’s stock worth $381,000 after acquiring an additional 197 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Up 0.4%

RDVY stock opened at $81.09 on Friday. The company’s 50-day simple moving average is $78.78 and its 200-day simple moving average is $74.39. First Trust Rising Dividend Achievers ETF has a 52-week low of $62.02 and a 52-week high of $81.46. The firm has a market cap of $24.82 billion, a P/E ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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