GPS Wealth Strategies Group LLC Reduces Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

GPS Wealth Strategies Group LLC reduced its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 81.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,700 shares of the company’s stock after selling 211,968 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for 2.9% of GPS Wealth Strategies Group LLC’s holdings, making the stock its 6th biggest position. GPS Wealth Strategies Group LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $3,453,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in RDVY. Ameriprise Financial Inc. raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 15.7% in 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 in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 74.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,707,049 shares of the company’s stock worth $114,816,000 after purchasing an additional 725,742 shares in the last quarter. UBS Group AG raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 12.2% in the 3rd quarter. UBS Group AG now owns 5,740,264 shares of the company’s stock worth $386,090,000 after purchasing an additional 624,936 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of 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 purchasing an additional 577,318 shares in the last quarter. Finally, Prudential PLC bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the 3rd quarter worth approximately $32,762,000.

First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ RDVY opened at $75.24 on Friday. First Trust Rising Dividend Achievers ETF has a 12 month low of $59.01 and a 12 month high of $75.75. The company’s 50 day simple moving average is $72.01 and its 200 day simple moving average is $70.94. The company has a market capitalization of $22.10 billion, a P/E ratio of 15.46 and a beta of 1.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.1813 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.0%.

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.