First Trust Rising Dividend Achievers ETF $RDVY Holdings Reduced by Hobart Private Capital LLC

Hobart Private Capital LLC reduced its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 17.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 428,601 shares of the company’s stock after selling 88,006 shares during the period. First Trust Rising Dividend Achievers ETF makes up approximately 6.0% of Hobart Private Capital LLC’s portfolio, making the stock its 2nd biggest holding. Hobart Private Capital LLC owned 0.14% of First Trust Rising Dividend Achievers ETF worth $34,742,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. LPL Financial LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 10.5% in the fourth quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock worth $2,119,121,000 after buying an additional 2,907,770 shares during the last quarter. Wells Fargo & Company MN raised its position in First Trust Rising Dividend Achievers ETF by 10.6% during the fourth quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock valued at $783,359,000 after acquiring an additional 1,076,558 shares in the last quarter. Ameriprise Financial Inc. raised its position in First Trust Rising Dividend Achievers ETF by 15.7% during the second quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock valued at $442,526,000 after acquiring an additional 957,587 shares in the last quarter. Morgan Stanley raised its position in First Trust Rising Dividend Achievers ETF by 4.9% during the fourth quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock valued at $1,400,025,000 after acquiring an additional 940,590 shares in the last quarter. Finally, Arax Advisory Partners acquired a new position in First Trust Rising Dividend Achievers ETF in the fourth quarter valued at approximately $47,643,000.

First Trust Rising Dividend Achievers ETF Trading Up 0.8%

First Trust Rising Dividend Achievers ETF stock opened at $81.75 on Tuesday. First Trust Rising Dividend Achievers ETF has a 12 month low of $62.90 and a 12 month high of $81.82. The stock’s 50 day simple moving average is $78.91 and its two-hundred day simple moving average is $74.47. The firm has a market cap of $25.04 billion, a PE ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.1474 per share. This represents a $0.59 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 25th.

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.