Beacon Financial Group Sells 9,708 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Beacon Financial Group lowered its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 222,060 shares of the company’s stock after selling 9,708 shares during the period. First Trust Rising Dividend Achievers ETF makes up about 1.6% of Beacon Financial Group’s portfolio, making the stock its 14th largest position. Beacon Financial Group’s holdings in First Trust Rising Dividend Achievers ETF were worth $18,000,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Huntington National Bank increased its stake in First Trust Rising Dividend Achievers ETF by 37,000.0% during the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after purchasing an additional 370 shares in the last quarter. Financial Perspectives Inc acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter valued at approximately $26,000. United Community Bank bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth $28,000. Bessemer Group Inc. bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the first quarter worth $29,000. Finally, Anchor Investment Management LLC bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the first quarter worth $34,000.

First Trust Rising Dividend Achievers ETF Stock Up 0.4%

Shares of NASDAQ:RDVY opened at $83.56 on Thursday. The firm has a market cap of $25.63 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 12 month low of $64.34 and a 12 month high of $83.99. The company’s fifty day simple moving average is $79.97 and its 200 day simple moving average is $75.01.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.