Park Square Financial Group LLC Lowers Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Park Square Financial Group LLC cut its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 48.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 19,644 shares of the company’s stock after selling 18,651 shares during the period. First Trust Rising Dividend Achievers ETF comprises about 5.7% of Park Square Financial Group LLC’s portfolio, making the stock its 6th biggest holding. Park Square Financial Group LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in RDVY. Ashton Thomas Private Wealth LLC raised its stake in First Trust Rising Dividend Achievers ETF by 27.6% in the third quarter. Ashton Thomas Private Wealth LLC now owns 34,134 shares of the company’s stock valued at $2,296,000 after purchasing an additional 7,379 shares in the last quarter. Atria Investments Inc grew its stake in First Trust Rising Dividend Achievers ETF by 7.1% during the third quarter. Atria Investments Inc now owns 193,425 shares of the company’s stock worth $13,010,000 after buying an additional 12,843 shares in the last quarter. Cozad Asset Management Inc. increased its holdings in First Trust Rising Dividend Achievers ETF by 9.3% in the 3rd quarter. Cozad Asset Management Inc. now owns 108,125 shares of the company’s stock valued at $7,272,000 after buying an additional 9,181 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of First Trust Rising Dividend Achievers ETF by 15.9% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 80,000 shares of the company’s stock valued at $5,381,000 after buying an additional 11,000 shares in the last quarter. Finally, BankPlus Wealth Management LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF by 35.6% during the 3rd quarter. BankPlus Wealth Management LLC now owns 37,597 shares of the company’s stock worth $2,529,000 after acquiring an additional 9,866 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ:RDVY opened at $72.29 on Monday. The company’s 50 day simple moving average is $71.92 and its 200 day simple moving average is $68.78. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $73.54. The stock has a market capitalization of $20.40 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.