First Trust Rising Dividend Achievers ETF $RDVY Shares Sold by Guided Capital Wealth Management LLC

Guided Capital Wealth Management LLC trimmed its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY – Free Report) by 28.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 95,944 shares of the company’s stock after selling 38,078 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises approximately 5.5% of Guided Capital Wealth Management LLC’s portfolio, making the stock its 8th largest holding. Guided Capital Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $6,453,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RDVY. Farmers & Merchants Investments Inc. acquired a new stake in First Trust Rising Dividend Achievers ETF in the second quarter valued at approximately $26,000. Compass Financial Services Inc acquired a new stake in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at $26,000. SVB Wealth LLC acquired a new stake in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at $29,000. Rise Advisors LLC bought a new stake in First Trust Rising Dividend Achievers ETF during the 1st quarter valued at $31,000. Finally, Private Wealth Asset Management LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 201.1% during the second quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock worth $33,000 after buying an additional 352 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Trading Up 0.6%

First Trust Rising Dividend Achievers ETF stock opened at $69.43 on Friday. First Trust Rising Dividend Achievers ETF has a 1-year low of $50.27 and a 1-year high of $70.71. The firm has a market capitalization of $18.14 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. The firm’s fifty day moving average price is $67.69 and its two-hundred day moving average price is $65.43.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be issued a $0.1996 dividend. The ex-dividend date is Friday, December 12th. 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.

About First Trust Rising Dividend Achievers ETF

(Free Report)

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.

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