7,575 First Trust Rising Dividend Achievers ETF $RDVY Shares Sold by Stewardship Concepts Financial Services LLC

Stewardship Concepts Financial Services LLC reduced its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,607 shares of the company’s stock after selling 7,575 shares during the period. First Trust Rising Dividend Achievers ETF makes up about 5.9% of Stewardship Concepts Financial Services LLC’s investment portfolio, making the stock its 5th largest position. Stewardship Concepts Financial Services LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $8,894,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. RVW Wealth LLC raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 1.6% in the 3rd quarter. RVW Wealth LLC now owns 596,440 shares of the company’s stock worth $46,695,000 after purchasing an additional 9,534 shares in the last quarter. Rosenberg Matthew Hamilton acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the third quarter worth $43,000. Ballew Advisors Inc lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 16.2% during the third quarter. Ballew Advisors Inc now owns 72,866 shares of the company’s stock valued at $5,772,000 after purchasing an additional 10,134 shares during the last quarter. Baker Tilly Wealth Management LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the third quarter valued at $264,000. Finally, QRG Capital Management Inc. lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 326.8% during the second quarter. QRG Capital Management Inc. now owns 22,155 shares of the company’s stock valued at $1,796,000 after purchasing an additional 16,964 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:RDVY traded down $0.10 during midday trading on Tuesday, reaching $79.46. The company had a trading volume of 1,143,389 shares, compared to its average volume of 1,289,716. The company has a fifty day simple moving average of $81.17 and a two-hundred day simple moving average of $77.46. The firm has a market cap of $25.29 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 1-year low of $64.97 and a 1-year high of $84.02.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a $0.1521 dividend. This represents a $0.61 annualized dividend and a dividend yield of 0.8%. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474. The ex-dividend date of this dividend was Thursday, September 24th.

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.