Key Client Fiduciary Advisors LLC Reduces Position in First Trust Rising Dividend Achievers ETF $RDVY

Key Client Fiduciary Advisors LLC reduced its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 282,669 shares of the company’s stock after selling 9,561 shares during the period. First Trust Rising Dividend Achievers ETF makes up 6.7% of Key Client Fiduciary Advisors LLC’s portfolio, making the stock its 2nd biggest position. Key Client Fiduciary Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $19,637,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of RDVY. Confluence Wealth Services Inc. boosted its stake in First Trust Rising Dividend Achievers ETF by 1.2% in the 3rd quarter. Confluence Wealth Services Inc. now owns 12,638 shares of the company’s stock worth $850,000 after purchasing an additional 153 shares in the last quarter. Quad Cities Investment Group LLC increased its stake in First Trust Rising Dividend Achievers ETF by 0.7% during the 4th quarter. Quad Cities Investment Group LLC now owns 21,219 shares of the company’s stock valued at $1,474,000 after purchasing an additional 157 shares in the last quarter. Allworth Financial LP increased its stake in First Trust Rising Dividend Achievers ETF by 0.3% during the 3rd quarter. Allworth Financial LP now owns 59,767 shares of the company’s stock valued at $4,020,000 after purchasing an additional 159 shares in the last quarter. Howard Bailey Securities LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 4.6% in the third quarter. Howard Bailey Securities LLC now owns 3,673 shares of the company’s stock worth $247,000 after buying an additional 160 shares during the last quarter. Finally, Insigneo Advisory Services LLC lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 0.8% in the third quarter. Insigneo Advisory Services LLC now owns 19,956 shares of the company’s stock worth $1,342,000 after buying an additional 163 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ:RDVY opened at $74.52 on Wednesday. The company’s 50 day moving average price is $70.86 and its 200-day moving average price is $69.87. First Trust Rising Dividend Achievers ETF has a 52 week low of $54.08 and a 52 week high of $75.26. The stock has a market cap of $21.74 billion, a price-to-earnings ratio of 15.46 and a beta of 1.03.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a $0.1813 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.73 annualized dividend and a yield of 1.0%.

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.