First Trust Rising Dividend Achievers ETF $RDVY is Crumly & Associates Inc.’s 2nd Largest Position

Crumly & Associates Inc. trimmed its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 7.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 338,770 shares of the company’s stock after selling 26,524 shares during the period. First Trust Rising Dividend Achievers ETF makes up about 4.9% of Crumly & Associates Inc.’s investment portfolio, making the stock its 2nd largest holding. Crumly & Associates Inc. owned 0.12% of First Trust Rising Dividend Achievers ETF worth $23,534,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of RDVY. Ameriprise Financial Inc. raised its stake 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 purchasing an additional 957,587 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of First Trust Rising Dividend Achievers ETF by 74.0% during the third quarter. JPMorgan Chase & Co. now owns 1,707,049 shares of the company’s stock valued at $114,816,000 after buying an additional 725,742 shares during the last quarter. UBS Group AG boosted its position in shares of First Trust Rising Dividend Achievers ETF by 12.2% during the third quarter. UBS Group AG now owns 5,740,264 shares of the company’s stock valued at $386,090,000 after buying an additional 624,936 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in First Trust Rising Dividend Achievers ETF by 13.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock worth $329,979,000 after buying an additional 577,318 shares in the last quarter. Finally, Prudential PLC bought a new stake in First Trust Rising Dividend Achievers ETF in the 3rd quarter worth about $32,762,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:RDVY opened at $66.68 on Friday. The firm has a market cap of $18.81 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. The business has a 50-day simple moving average of $71.19 and a two-hundred day simple moving average of $69.29. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $73.54.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be paid a $0.1813 dividend. The ex-dividend date is Thursday, March 26th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.1%.

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.