Avantra Family Wealth Inc. Sells 1,399 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Avantra Family Wealth Inc. lowered its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 27.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 3,655 shares of the company’s stock after selling 1,399 shares during the quarter. Avantra Family Wealth Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $229,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in RDVY. Compass Financial Services Inc bought a new position in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter valued at $26,000. Farmers & Merchants Investments Inc. bought a new position in shares of First Trust Rising Dividend Achievers ETF during the 2nd quarter valued at $26,000. SVB Wealth LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter valued at $29,000. Rise Advisors LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter valued at $31,000. Finally, Atlantic Edge Private Wealth Management LLC boosted its position in First Trust Rising Dividend Achievers ETF by 224.0% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 674 shares of the company’s stock valued at $39,000 after buying an additional 466 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Up 0.3%

Shares of RDVY opened at $67.89 on Tuesday. The stock has a market capitalization of $17.42 billion, a P/E ratio of 15.46 and a beta of 1.15. The firm has a fifty day simple moving average of $65.64 and a two-hundred day simple moving average of $61.77. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $68.07.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a $0.1487 dividend. This represents a $0.59 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, September 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.