First Trust Rising Dividend Achievers ETF $RDVY Stock: Commonwealth Financial Services LLC Decreases Stake

Commonwealth Financial Services LLC reduced its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 23.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 248,216 shares of the company’s stock after selling 75,850 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up 3.5% of Commonwealth Financial Services LLC’s investment portfolio, making the stock its 7th largest holding. Commonwealth Financial Services LLC owned approximately 0.08% of First Trust Rising Dividend Achievers ETF worth $19,433,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Bank of America Corp DE raised its holdings in First Trust Rising Dividend Achievers ETF by 3.0% in the 1st quarter. Bank of America Corp DE now owns 7,444,315 shares of the company’s stock worth $508,298,000 after acquiring an additional 219,060 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of First Trust Rising Dividend Achievers ETF by 1.6% in the second quarter. Envestnet Asset Management Inc. now owns 5,503,234 shares of the company’s stock worth $446,092,000 after acquiring an additional 86,684 shares during the last quarter. Royal Bank of Canada increased its position in First Trust Rising Dividend Achievers ETF by 6.5% during the first quarter. Royal Bank of Canada now owns 5,030,578 shares of the company’s stock worth $343,487,000 after acquiring an additional 307,823 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in First Trust Rising Dividend Achievers ETF by 12.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,492,637 shares of the company’s stock valued at $283,113,000 after purchasing an additional 379,961 shares during the period. Finally, Cetera Investment Advisers grew its position in First Trust Rising Dividend Achievers ETF by 8.0% during the first quarter. Cetera Investment Advisers now owns 4,044,145 shares of the company’s stock worth $276,134,000 after buying an additional 299,620 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Trading Up 0.1%

NASDAQ RDVY traded up $0.05 on Tuesday, reaching $79.39. The company’s stock had a trading volume of 510,072 shares, compared to its average volume of 1,279,877. The firm has a market cap of $25.43 billion, a PE ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 52 week low of $64.99 and a 52 week high of $84.02. The business has a 50-day moving average price of $80.63 and a 200 day moving average price of $78.25.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.