First Trust Rising Dividend Achievers ETF $RDVY Stock Position Decreased by Cwm LLC

Cwm LLC decreased its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 979,064 shares of the company’s stock after selling 38,045 shares during the quarter. Cwm LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $65,852,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. raised its position in First Trust Rising Dividend Achievers ETF by 1.8% during the second quarter. Raymond James Financial Inc. now owns 11,201,473 shares of the company’s stock valued at $702,780,000 after acquiring an additional 198,938 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of First Trust Rising Dividend Achievers ETF by 15.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock worth $442,526,000 after purchasing an additional 957,587 shares during the last quarter. Bank of America Corp DE increased its stake in shares of First Trust Rising Dividend Achievers ETF by 4.1% during the 2nd quarter. Bank of America Corp DE now owns 6,537,057 shares of the company’s stock worth $410,135,000 after purchasing an additional 258,172 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 26.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,328,699 shares of the company’s stock valued at $271,583,000 after purchasing an additional 907,673 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 3.5% in the 1st quarter. Royal Bank of Canada now owns 3,521,054 shares of the company’s stock valued at $206,123,000 after purchasing an additional 118,032 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Trading Up 0.4%

Shares of NASDAQ:RDVY opened at $70.74 on Friday. The stock has a market capitalization of $18.48 billion, a PE ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $70.88. The firm has a fifty day moving average price of $68.14 and a 200 day moving average price of $65.76.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.