Benjamin Edwards Inc. Sells 6,265 Shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Benjamin Edwards Inc. lessened its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 1.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 326,326 shares of the company’s stock after selling 6,265 shares during the period. Benjamin Edwards Inc. owned about 0.14% of First Trust Rising Dividend Achievers ETF worth $19,103,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Continuum Advisory LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF by 1.7% in the 4th quarter. Continuum Advisory LLC now owns 10,589 shares of the company’s stock valued at $626,000 after buying an additional 173 shares during the period. Bank of Montreal Can lifted its holdings in First Trust Rising Dividend Achievers ETF by 1.0% during the 4th quarter. Bank of Montreal Can now owns 21,053 shares of the company’s stock worth $1,245,000 after buying an additional 200 shares in the last quarter. Flagstar Advisors Inc. lifted its holdings in First Trust Rising Dividend Achievers ETF by 0.3% during the 1st quarter. Flagstar Advisors Inc. now owns 59,780 shares of the company’s stock worth $3,500,000 after buying an additional 202 shares in the last quarter. Kaydan Wealth Management Inc. lifted its holdings in First Trust Rising Dividend Achievers ETF by 1.1% during the 1st quarter. Kaydan Wealth Management Inc. now owns 18,404 shares of the company’s stock worth $1,077,000 after buying an additional 207 shares in the last quarter. Finally, Morey & Quinn Wealth Partners LLC raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 1.0% in the 1st quarter. Morey & Quinn Wealth Partners LLC now owns 21,885 shares of the company’s stock valued at $1,281,000 after purchasing an additional 208 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Trading Up 0.9%

Shares of RDVY opened at $64.01 on Friday. The firm’s fifty day simple moving average is $62.52 and its 200-day simple moving average is $60.35. The firm has a market capitalization of $15.62 billion, a price-to-earnings ratio of 15.46 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $64.63.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were given a dividend of $0.1706 per share. This represents a $0.68 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, June 26th.

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.