Avantra Family Wealth Inc. Sells 1,399 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Avantra Family Wealth Inc. decreased its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 27.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,655 shares of the company’s stock after selling 1,399 shares during the period. Avantra Family Wealth Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $229,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Compass Financial Services Inc bought a new position in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter worth $26,000. Farmers & Merchants Investments Inc. bought a new position in shares of First Trust Rising Dividend Achievers ETF in the 2nd quarter worth $26,000. SVB Wealth LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter worth $29,000. Rise Advisors LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter worth $31,000. Finally, Atlantic Edge Private Wealth Management LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 224.0% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 674 shares of the company’s stock worth $39,000 after buying an additional 466 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ:RDVY opened at $67.89 on Tuesday. The company’s fifty day moving average price is $65.64 and its 200-day moving average price is $61.77. The firm has a market capitalization of $17.42 billion, a price-to-earnings ratio of 15.46 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $68.07.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a dividend of $0.1487 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.59 annualized dividend and a dividend yield of 0.9%.

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.