Horizon Advisory Services Inc. Sells 14,063 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Horizon Advisory Services Inc. lowered its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2.6% during the first quarter, HoldingsChannel.com reports. The fund owned 537,012 shares of the company’s stock after selling 14,063 shares during the period. First Trust Rising Dividend Achievers ETF accounts for about 18.8% of Horizon Advisory Services Inc.’s portfolio, making the stock its 2nd biggest position. Horizon Advisory Services Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $36,667,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. LPL Financial LLC boosted its position in First Trust Rising Dividend Achievers ETF by 10.5% during the 4th quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock valued at $2,119,121,000 after purchasing an additional 2,907,770 shares during the period. Morgan Stanley increased its position in First Trust Rising Dividend Achievers ETF by 4.9% in the fourth quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock worth $1,400,025,000 after buying an additional 940,590 shares during the period. Raymond James Financial Inc. lifted its stake in First Trust Rising Dividend Achievers ETF by 2.2% in the fourth quarter. Raymond James Financial Inc. now owns 11,285,710 shares of the company’s stock valued at $784,018,000 after buying an additional 243,585 shares during the last quarter. Wells Fargo & Company MN lifted its stake in First Trust Rising Dividend Achievers ETF by 10.6% in the fourth quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock valued at $783,359,000 after buying an additional 1,076,558 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 10.1% during the third quarter. Ameriprise Financial Inc. now owns 7,790,897 shares of the company’s stock valued at $523,914,000 after acquiring an additional 716,800 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

First Trust Rising Dividend Achievers ETF stock opened at $79.29 on Monday. The company has a 50-day simple moving average of $75.87 and a 200-day simple moving average of $72.70. The firm has a market capitalization of $23.29 billion, a P/E ratio of 15.46 and a beta of 1.01. First Trust Rising Dividend Achievers ETF has a one year low of $61.84 and a one year high of $80.28.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be paid 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 of this dividend is Thursday, June 25th.

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.