International Assets Investment Management LLC Sells 56,589 Shares of First Trust Rising Dividend Achievers ETF $RDVY

International Assets Investment Management LLC reduced its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 43.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,238 shares of the company’s stock after selling 56,589 shares during the period. International Assets Investment Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $5,656,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in RDVY. Bank of America Corp DE increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 3.0% during the 1st quarter. Bank of America Corp DE now owns 7,444,315 shares of the company’s stock valued at $508,298,000 after acquiring an additional 219,060 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in First Trust Rising Dividend Achievers ETF by 1.6% during the second quarter. Envestnet Asset Management Inc. now owns 5,503,234 shares of the company’s stock valued at $446,092,000 after purchasing an additional 86,684 shares during the last quarter. Royal Bank of Canada grew its holdings in First Trust Rising Dividend Achievers ETF by 6.5% during the first quarter. Royal Bank of Canada now owns 5,030,578 shares of the company’s stock valued at $343,487,000 after purchasing an additional 307,823 shares during the last quarter. Cetera Investment Advisers raised its position in shares of First Trust Rising Dividend Achievers ETF by 8.0% in the first quarter. Cetera Investment Advisers now owns 4,044,145 shares of the company’s stock valued at $276,134,000 after purchasing an additional 299,620 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of First Trust Rising Dividend Achievers ETF by 12.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,492,637 shares of the company’s stock valued at $283,113,000 after purchasing an additional 379,961 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of First Trust Rising Dividend Achievers ETF stock opened at $79.17 on Monday. The firm has a fifty day simple moving average of $80.00 and a 200-day simple moving average of $76.40. First Trust Rising Dividend Achievers ETF has a 1-year low of $64.99 and a 1-year high of $84.02. The stock has a market capitalization of $25.41 billion, a price-to-earnings 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. Investors 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. The ex-dividend date was Thursday, September 24th. This represents a $0.61 annualized dividend and a yield of 0.8%.

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.