First Trust Rising Dividend Achievers ETF $RDVY Shares Sold by Park Square Financial Group LLC

Park Square Financial Group LLC lowered its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 48.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 19,644 shares of the company’s stock after selling 18,651 shares during the period. First Trust Rising Dividend Achievers ETF accounts for approximately 5.7% of Park Square Financial Group LLC’s holdings, making the stock its 6th largest position. Park Square Financial Group LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,321,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 1.8% during the 2nd quarter. Raymond James Financial Inc. now owns 11,201,473 shares of the company’s stock worth $702,780,000 after acquiring an additional 198,938 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in First Trust Rising Dividend Achievers ETF by 15.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock valued at $442,526,000 after purchasing an additional 957,587 shares during the last quarter. Bank of America Corp DE lifted its holdings in First Trust Rising Dividend Achievers ETF by 4.1% during the 2nd quarter. Bank of America Corp DE now owns 6,537,057 shares of the company’s stock valued at $410,135,000 after purchasing an additional 258,172 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in First Trust Rising Dividend Achievers ETF by 13.3% during the third quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock worth $329,979,000 after purchasing an additional 577,318 shares during the period. Finally, Osaic Holdings Inc. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 6.8% in the second quarter. Osaic Holdings Inc. now owns 3,240,145 shares of the company’s stock valued at $203,194,000 after purchasing an additional 205,514 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of RDVY opened at $72.29 on Monday. The company’s 50-day moving average is $71.92 and its 200-day moving average is $68.78. The firm has a market capitalization of $20.40 billion, a PE ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $73.54.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.1996 dividend. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, December 12th. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%.

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.