First Trust Rising Dividend Achievers ETF $RDVY Position Trimmed by Spire Wealth Management

Spire Wealth Management decreased its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 87,624 shares of the company’s stock after selling 1,917 shares during the period. Spire Wealth Management’s holdings in First Trust Rising Dividend Achievers ETF were worth $5,498,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. bought a new stake in First Trust Rising Dividend Achievers ETF during the second quarter valued at $26,000. Compass Financial Services Inc bought a new stake in First Trust Rising Dividend Achievers ETF during the first quarter valued at $26,000. SVB Wealth LLC bought a new stake in First Trust Rising Dividend Achievers ETF during the first quarter valued at $29,000. Rise Advisors LLC bought a new stake in First Trust Rising Dividend Achievers ETF during the first quarter valued at $31,000. Finally, Private Wealth Asset Management LLC increased its stake in First Trust Rising Dividend Achievers ETF by 201.1% during the second quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock valued at $33,000 after purchasing an additional 352 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY stock opened at $67.93 on Thursday. First Trust Rising Dividend Achievers ETF has a 1-year low of $50.27 and a 1-year high of $68.49. The firm has a fifty day moving average price of $66.58 and a two-hundred day moving average price of $63.03. The firm has a market cap of $17.66 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.