First Trust Rising Dividend Achievers ETF $RDVY Stock: Spectrum Wealth Advisory Group LLC Reduces Stake

Spectrum Wealth Advisory Group LLC trimmed its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 6.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 200,540 shares of the company’s stock after selling 13,855 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up approximately 4.4% of Spectrum Wealth Advisory Group LLC’s investment portfolio, making the stock its 7th biggest holding. Spectrum Wealth Advisory Group LLC owned about 0.06% of First Trust Rising Dividend Achievers ETF worth $15,700,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Basepoint Wealth LLC boosted its position in First Trust Rising Dividend Achievers ETF by 4.5% during the 1st quarter. Basepoint Wealth LLC now owns 3,187 shares of the company’s stock valued at $218,000 after acquiring an additional 136 shares in the last quarter. Retirement Planning Group LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 1.8% in the 1st quarter. Retirement Planning Group LLC now owns 8,013 shares of the company’s stock worth $547,000 after acquiring an additional 138 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 3.1% in the 3rd quarter. Quadrant Capital Group LLC now owns 4,691 shares of the company’s stock worth $373,000 after acquiring an additional 141 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of First Trust Rising Dividend Achievers ETF by 1.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,408 shares of the company’s stock worth $1,363,000 after acquiring an additional 177 shares in the last quarter. Finally, Castleview Partners LLC lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 2.8% during the 1st quarter. Castleview Partners LLC now owns 6,898 shares of the company’s stock worth $471,000 after purchasing an additional 189 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ RDVY opened at $79.74 on Wednesday. First Trust Rising Dividend Achievers ETF has a 1-year low of $64.99 and a 1-year high of $84.02. The business has a fifty day moving average price of $79.90 and a 200 day moving average price of $76.47. The stock has a market capitalization of $25.59 billion, a P/E ratio of 15.46 and a beta of 1.00.

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 issued a $0.1521 dividend. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474. This represents a $0.61 dividend on an annualized basis 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.