Ashton Thomas Private Wealth LLC Reduces Position in First Trust Rising Dividend Achievers ETF $RDVY

Ashton Thomas Private Wealth LLC decreased its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.1% in the second quarter, Holdings Channel reports. The firm owned 26,755 shares of the company’s stock after selling 854 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,679,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Farmers & Merchants Investments Inc. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the second quarter valued at approximately $26,000. Compass Financial Services Inc purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the first quarter valued at approximately $26,000. SVB Wealth LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the first quarter valued at approximately $29,000. Rise Advisors LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the first quarter valued at approximately $31,000. Finally, Private Wealth Asset Management LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 201.1% in the second quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock valued at $33,000 after purchasing an additional 352 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ RDVY opened at $68.09 on Wednesday. The firm has a market capitalization of $17.70 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. The stock has a 50 day moving average price of $66.52 and a 200 day moving average price of $62.93. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $68.43.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.