HighTower Advisors LLC Lowers Stake in First Trust Rising Dividend Achievers ETF $RDVY

HighTower Advisors LLC trimmed its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 0.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,407,827 shares of the company’s stock after selling 8,585 shares during the period. HighTower Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $94,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Uniting Wealth Partners LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 1,567.3% in the third quarter. Uniting Wealth Partners LLC now owns 218,970 shares of the company’s stock valued at $14,728,000 after purchasing an additional 205,837 shares during the last quarter. PCA Investment Advisory Services Inc. grew its position in First Trust Rising Dividend Achievers ETF by 1.1% in the third quarter. PCA Investment Advisory Services Inc. now owns 47,645 shares of the company’s stock valued at $3,205,000 after acquiring an additional 502 shares in the last quarter. Affinity Wealth Management LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 0.7% in the third quarter. Affinity Wealth Management LLC now owns 662,779 shares of the company’s stock valued at $44,579,000 after purchasing an additional 4,497 shares during the last quarter. Liberty Square Wealth Partners LLC grew its stake in First Trust Rising Dividend Achievers ETF by 35.2% in the third quarter. Liberty Square Wealth Partners LLC now owns 564,503 shares of the company’s stock worth $37,968,000 after purchasing an additional 147,022 shares in the last quarter. Finally, Aspire Capital Advisors LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 7.0% in the 3rd quarter. Aspire Capital Advisors LLC now owns 6,517 shares of the company’s stock valued at $438,000 after buying an additional 424 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Up 0.7%

RDVY stock opened at $71.86 on Monday. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $73.43. The stock has a market cap of $20.28 billion, a PE ratio of 15.46 and a beta of 1.10. The firm’s 50-day simple moving average is $71.37 and its 200 day simple moving average is $68.18.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.1996 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15.

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.