RFG Advisory LLC Cuts Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

RFG Advisory LLC reduced its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 20.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 185,203 shares of the company’s stock after selling 46,221 shares during the period. RFG Advisory LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $15,013,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Huntington National Bank boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% during the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock valued at $26,000 after purchasing an additional 370 shares during the last quarter. Bessemer Group Inc. bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the first quarter worth about $29,000. Anchor Investment Management LLC bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the first quarter worth about $34,000. Lloyd Advisory Services LLC. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter worth about $36,000. Finally, University of Texas Texas AM Investment Management Co. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter worth about $37,000.

First Trust Rising Dividend Achievers ETF Trading Down 1.1%

Shares of First Trust Rising Dividend Achievers ETF stock opened at $81.15 on Wednesday. The stock has a 50 day moving average of $81.41 and a 200 day moving average of $76.33. First Trust Rising Dividend Achievers ETF has a 12 month low of $64.97 and a 12 month high of $84.02. The firm has a market cap of $24.89 billion, a PE ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.1474 per share. This represents a $0.59 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 25th.

First Trust Rising Dividend Achievers ETF Company 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.