Wedbush Securities Inc. Sells 19,167 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Wedbush Securities Inc. trimmed its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 20.9% during the second quarter, HoldingsChannel reports. The firm owned 72,480 shares of the company’s stock after selling 19,167 shares during the quarter. Wedbush Securities Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. WealthCare Investment Partners LLC lifted its stake in First Trust Rising Dividend Achievers ETF by 0.3% in the second quarter. WealthCare Investment Partners LLC now owns 59,562 shares of the company’s stock valued at $3,799,000 after purchasing an additional 161 shares during the last quarter. Raleigh Capital Management Inc. lifted its position in shares of First Trust Rising Dividend Achievers ETF by 34.2% during the 2nd quarter. Raleigh Capital Management Inc. now owns 648 shares of the company’s stock valued at $41,000 after buying an additional 165 shares during the last quarter. Centerpoint Advisory Group grew its stake in shares of First Trust Rising Dividend Achievers ETF by 0.5% during the 2nd quarter. Centerpoint Advisory Group now owns 33,586 shares of the company’s stock worth $2,107,000 after acquiring an additional 172 shares during the period. Moors & Cabot Inc. grew its stake in shares of First Trust Rising Dividend Achievers ETF by 2.4% during the 2nd quarter. Moors & Cabot Inc. now owns 8,218 shares of the company’s stock worth $516,000 after acquiring an additional 194 shares during the period. Finally, Barrett & Company Inc. increased its holdings in First Trust Rising Dividend Achievers ETF by 0.7% in the 2nd quarter. Barrett & Company Inc. now owns 31,120 shares of the company’s stock worth $1,952,000 after acquiring an additional 206 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of First Trust Rising Dividend Achievers ETF stock opened at $67.23 on Friday. The stock has a market capitalization of $17.57 billion, a P/E ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $68.49. The stock’s 50-day simple moving average is $66.81 and its 200 day simple moving average is $63.58.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a dividend of $0.1487 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, September 25th.

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.