Catalyst Investment Management LLC Sells 28,693 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Catalyst Investment Management LLC trimmed its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 81.8% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 6,378 shares of the company’s stock after selling 28,693 shares during the period. Catalyst Investment Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $499,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in First Trust Rising Dividend Achievers ETF by 3.0% in the first quarter. Bank of America Corp DE now owns 7,444,315 shares of the company’s stock valued at $508,298,000 after acquiring an additional 219,060 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in First Trust Rising Dividend Achievers ETF by 1.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,503,234 shares of the company’s stock worth $446,092,000 after purchasing an additional 86,684 shares during the last quarter. Royal Bank of Canada raised its holdings in First Trust Rising Dividend Achievers ETF by 6.5% during the 1st quarter. Royal Bank of Canada now owns 5,030,578 shares of the company’s stock worth $343,487,000 after purchasing an additional 307,823 shares during the last quarter. Cetera Investment Advisers lifted its position in First Trust Rising Dividend Achievers ETF by 8.0% during the 1st quarter. Cetera Investment Advisers now owns 4,044,145 shares of the company’s stock valued at $276,134,000 after purchasing an additional 299,620 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in First Trust Rising Dividend Achievers ETF by 12.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,492,637 shares of the company’s stock valued at $283,113,000 after purchasing an additional 379,961 shares during the period.

First Trust Rising Dividend Achievers ETF Trading Up 0.3%

Shares of NASDAQ RDVY opened at $79.88 on Thursday. First Trust Rising Dividend Achievers ETF has a 1 year low of $64.99 and a 1 year high of $84.02. The firm’s 50-day moving average is $80.49 and its 200-day moving average is $78.40. The firm has a market capitalization of $25.64 billion, a PE ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.1521 dividend. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474. This represents a $0.61 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, September 24th.

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.