Harbour Investments Inc. Trims Stake in First Trust Rising Dividend Achievers ETF $RDVY

Harbour Investments Inc. lowered its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 13.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 578,881 shares of the company’s stock after selling 87,728 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for 0.8% of Harbour Investments Inc.’s holdings, making the stock its 17th largest holding. Harbour Investments Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $40,215,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RDVY. Raymond James Financial Inc. raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 1.8% in the 2nd quarter. Raymond James Financial Inc. now owns 11,201,473 shares of the company’s stock valued at $702,780,000 after buying an additional 198,938 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 10.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,790,897 shares of the company’s stock valued at $523,914,000 after buying an additional 716,800 shares during the period. Bank of America Corp DE raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 7.0% in the 3rd quarter. Bank of America Corp DE now owns 6,992,315 shares of the company’s stock valued at $470,303,000 after buying an additional 455,258 shares during the period. UBS Group AG raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.4% in the 4th quarter. UBS Group AG now owns 5,994,505 shares of the company’s stock valued at $416,438,000 after buying an additional 254,241 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 13.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock valued at $329,979,000 after buying an additional 577,318 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY stock opened at $75.24 on Tuesday. The company has a market capitalization of $22.10 billion, a PE ratio of 15.46 and a beta of 1.02. First Trust Rising Dividend Achievers ETF has a 12-month low of $59.01 and a 12-month high of $75.75. The business’s fifty day moving average price is $72.14 and its 200 day moving average price is $71.03.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.