Thurston Springer Miller Herd & Titak Inc. Sells 64,974 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Thurston Springer Miller Herd & Titak Inc. lowered its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 92.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,600 shares of the company’s stock after selling 64,974 shares during the period. First Trust Rising Dividend Achievers ETF accounts for approximately 0.7% of Thurston Springer Miller Herd & Titak Inc.’s portfolio, making the stock its 22nd largest holding. Thurston Springer Miller Herd & Titak Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $377,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. boosted its stake in First Trust Rising Dividend Achievers ETF by 1.8% in the 2nd quarter. Raymond James Financial Inc. now owns 11,201,473 shares of the company’s stock worth $702,780,000 after purchasing an additional 198,938 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 15.7% in the second quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock worth $442,526,000 after buying an additional 957,587 shares in the last quarter. Bank of America Corp DE boosted its position in shares of First Trust Rising Dividend Achievers ETF by 4.1% in the second quarter. Bank of America Corp DE now owns 6,537,057 shares of the company’s stock valued at $410,135,000 after acquiring an additional 258,172 shares during the period. Envestnet Asset Management Inc. grew its stake in First Trust Rising Dividend Achievers ETF by 26.5% during the second quarter. Envestnet Asset Management Inc. now owns 4,328,699 shares of the company’s stock valued at $271,583,000 after acquiring an additional 907,673 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in First Trust Rising Dividend Achievers ETF by 3.5% during the first quarter. Royal Bank of Canada now owns 3,521,054 shares of the company’s stock valued at $206,123,000 after acquiring an additional 118,032 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ RDVY opened at $69.69 on Wednesday. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $70.71. The stock has a market capitalization of $18.21 billion, a PE ratio of 15.46 and a beta of 1.10. The company’s 50 day simple moving average is $67.60 and its two-hundred day simple moving average is $65.37.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be given a $0.1996 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, December 12th.

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.