KMG Fiduciary Partners LLC Sells 140,112 Shares of First Trust Rising Dividend Achievers ETF $RDVY

KMG Fiduciary Partners LLC trimmed its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 87.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,846 shares of the company’s stock after selling 140,112 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Financial Perspectives Inc bought a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter valued at about $26,000. Huntington National Bank grew its position in First Trust Rising Dividend Achievers ETF by 37,000.0% in the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after purchasing an additional 370 shares in the last quarter. United Community Bank purchased a new stake in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at about $28,000. Bessemer Group Inc. purchased a new stake in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at about $29,000. Finally, Anchor Investment Management LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter worth approximately $34,000.

First Trust Rising Dividend Achievers ETF Stock Down 0.2%

Shares of NASDAQ RDVY opened at $83.13 on Tuesday. The company has a market capitalization of $25.50 billion, a PE ratio of 15.46 and a beta of 1.00. The stock’s 50 day moving average price is $79.67 and its 200-day moving average price is $74.86. First Trust Rising Dividend Achievers ETF has a twelve month low of $63.85 and a twelve month high of $83.99.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.1474 dividend. This represents a $0.59 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, June 25th.

First Trust Rising Dividend Achievers ETF 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.