First Trust Rising Dividend Achievers ETF $RDVY Shares Sold by Catalyst Investment Management LLC

Catalyst Investment Management LLC lowered its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 81.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 6,378 shares of the company’s stock after selling 28,693 shares during the quarter. Catalyst Investment Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $499,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. RVW Wealth LLC increased its stake in First Trust Rising Dividend Achievers ETF by 1.6% in the third quarter. RVW Wealth LLC now owns 596,440 shares of the company’s stock valued at $46,695,000 after purchasing an additional 9,534 shares in the last quarter. Serenity Investment Advisors raised its holdings in First Trust Rising Dividend Achievers ETF by 34.1% in the second quarter. Serenity Investment Advisors now owns 28,004 shares of the company’s stock worth $2,282,000 after purchasing an additional 7,116 shares during the period. Crumly & Associates Inc. boosted its position in shares of First Trust Rising Dividend Achievers ETF by 7.3% during the third quarter. Crumly & Associates Inc. now owns 346,312 shares of the company’s stock worth $27,113,000 after purchasing an additional 23,535 shares in the last quarter. Certified Advisory Corp boosted its position in shares of First Trust Rising Dividend Achievers ETF by 10.9% during the first quarter. Certified Advisory Corp now owns 111,055 shares of the company’s stock worth $7,583,000 after purchasing an additional 10,873 shares in the last quarter. Finally, Kestra Private Wealth Services LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF by 6.2% during the first quarter. Kestra Private Wealth Services LLC now owns 935,616 shares of the company’s stock worth $63,884,000 after purchasing an additional 54,487 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Up 0.3%

Shares of RDVY stock opened at $79.88 on Thursday. The firm has a market capitalization of $25.64 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 12-month low of $64.99 and a 12-month high of $84.02. The firm has a fifty day moving average of $80.49 and a 200-day moving average of $78.40.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.1521 dividend. This represents a $0.61 annualized dividend and a dividend yield of 0.8%. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474. The ex-dividend date was Thursday, September 24th.

First Trust Rising Dividend Achievers ETF Company 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.