Pitti Group Wealth Management LLC Sells 1,105 Shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Pitti Group Wealth Management LLC reduced its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,906 shares of the company’s stock after selling 1,105 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises approximately 1.5% of Pitti Group Wealth Management LLC’s investment portfolio, making the stock its 18th biggest holding. Pitti Group Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,339,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 5,519.6% during the fourth quarter. International Assets Investment Management LLC now owns 6,615,517 shares of the company’s stock valued at $341,824,000 after buying an additional 6,497,795 shares during the last quarter. Morgan Stanley grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 8.1% during the third quarter. Morgan Stanley now owns 12,995,589 shares of the company’s stock valued at $597,147,000 after buying an additional 969,819 shares during the last quarter. LPL Financial LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.5% during the third quarter. LPL Financial LLC now owns 16,132,424 shares of the company’s stock valued at $741,285,000 after buying an additional 689,605 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 10.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 5,803,282 shares of the company’s stock valued at $299,856,000 after buying an additional 557,879 shares during the last quarter. Finally, Affinity Wealth Management LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the third quarter valued at $15,390,000.

First Trust Rising Dividend Achievers ETF Stock Down 0.1 %

Shares of RDVY traded down $0.03 during trading hours on Friday, reaching $54.24. 675,886 shares of the company traded hands, compared to its average volume of 798,541. The stock has a market capitalization of $10.25 billion, a P/E ratio of 9.78 and a beta of 0.96. First Trust Rising Dividend Achievers ETF has a 12-month low of $42.42 and a 12-month high of $56.28. The business has a fifty day moving average price of $54.14 and a 200-day moving average price of $50.76.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were given a dividend of $0.2238 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.90 dividend on an annualized basis and a yield of 1.65%.

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.