First Trust Rising Dividend Achievers ETF $RDVY Shares Sold by Cwm LLC

Cwm LLC decreased its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 0.8% during the 4th quarter, HoldingsChannel reports. The fund owned 970,829 shares of the company’s stock after selling 8,235 shares during the quarter. Cwm LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $67,443,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of RDVY. Ameriprise Financial Inc. lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 15.7% in the second quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock worth $442,526,000 after acquiring an additional 957,587 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 74.0% in the third quarter. JPMorgan Chase & Co. now owns 1,707,049 shares of the company’s stock worth $114,816,000 after acquiring an additional 725,742 shares in the last quarter. UBS Group AG lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 12.2% in the third quarter. UBS Group AG now owns 5,740,264 shares of the company’s stock worth $386,090,000 after acquiring an additional 624,936 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 13.3% in the third quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock worth $329,979,000 after acquiring an additional 577,318 shares in the last quarter. Finally, Prudential PLC acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the third quarter worth about $32,762,000.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ:RDVY opened at $73.47 on Thursday. First Trust Rising Dividend Achievers ETF has a one year low of $52.88 and a one year high of $73.57. The business’s 50-day simple moving average is $70.73 and its 200 day simple moving average is $69.67. The stock has a market cap of $21.42 billion, a price-to-earnings ratio of 15.46 and a beta of 1.03.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

About First Trust Rising Dividend Achievers ETF

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.