320,196 First Trust Rising Dividend Achievers ETF $RDVY Shares Sold by Sanchez Wealth Management Group

Sanchez Wealth Management Group reduced its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 95.2% in the 3rd quarter, Holdings Channel reports. The firm owned 16,158 shares of the company’s stock after selling 320,196 shares during the period. First Trust Rising Dividend Achievers ETF accounts for approximately 3.8% of Sanchez Wealth Management Group’s holdings, making the stock its 11th biggest position. Sanchez Wealth Management Group’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,265,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in First Trust Rising Dividend Achievers ETF by 3.0% during the first quarter. Bank of America Corp DE now owns 7,444,315 shares of the company’s stock worth $508,298,000 after purchasing an additional 219,060 shares during the period. Envestnet Asset Management Inc. raised its position in shares of First Trust Rising Dividend Achievers ETF by 1.6% in the second quarter. Envestnet Asset Management Inc. now owns 5,503,234 shares of the company’s stock valued at $446,092,000 after purchasing an additional 86,684 shares during the period. Royal Bank of Canada raised its position in shares of First Trust Rising Dividend Achievers ETF by 6.5% in the first quarter. Royal Bank of Canada now owns 5,030,578 shares of the company’s stock valued at $343,487,000 after purchasing an additional 307,823 shares during the period. Cetera Investment Advisers raised its position in shares of First Trust Rising Dividend Achievers ETF by 8.0% in the first 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 stake in shares of First Trust Rising Dividend Achievers ETF by 12.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,492,637 shares of the company’s stock worth $283,113,000 after buying an additional 379,961 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Trading Up 1.7%

Shares of First Trust Rising Dividend Achievers ETF stock opened at $81.09 on Thursday. The firm has a fifty day simple moving average of $79.87 and a 200-day simple moving average of $76.52. The stock has a market capitalization of $26.08 billion, a price-to-earnings ratio of 15.46 and a beta of 1.01. First Trust Rising Dividend Achievers ETF has a 1-year low of $64.99 and a 1-year high of $84.02.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a dividend of $0.1521 per share. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.61 dividend on an annualized basis and a yield of 0.8%. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474.

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.