Spectrum Wealth Advisory Group LLC Sells 13,855 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Spectrum Wealth Advisory Group LLC decreased its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 6.5% in the third quarter, Holdings Channel reports. The firm owned 200,540 shares of the company’s stock after selling 13,855 shares during the period. First Trust Rising Dividend Achievers ETF comprises about 4.4% of Spectrum Wealth Advisory Group LLC’s portfolio, making the stock its 7th largest position. Spectrum Wealth Advisory Group LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $15,700,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its position in First Trust Rising Dividend Achievers ETF by 12.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,492,637 shares of the company’s stock valued at $283,113,000 after buying an additional 379,961 shares in the last quarter. Royal Bank of Canada boosted its holdings in First Trust Rising Dividend Achievers ETF by 6.5% in the first quarter. Royal Bank of Canada now owns 5,030,578 shares of the company’s stock worth $343,487,000 after acquiring an additional 307,823 shares in the last quarter. Cetera Investment Advisers boosted its holdings in First Trust Rising Dividend Achievers ETF by 8.0% in the first quarter. Cetera Investment Advisers now owns 4,044,145 shares of the company’s stock worth $276,134,000 after acquiring an additional 299,620 shares in the last quarter. Independent Financial Group LLC acquired a new stake in First Trust Rising Dividend Achievers ETF in the first quarter worth about $18,560,000. Finally, Sentinel Advisory Group LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the first quarter worth about $18,176,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY stock opened at $79.74 on Wednesday. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $64.99 and a fifty-two week high of $84.02. The firm has a market capitalization of $25.59 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. The stock’s 50-day simple moving average is $79.90 and its 200-day simple moving average is $76.47.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.