RFG Advisory LLC Sells 46,221 Shares of First Trust Rising Dividend Achievers ETF $RDVY

RFG Advisory LLC lowered its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 20.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 185,203 shares of the company’s stock after selling 46,221 shares during the quarter. RFG Advisory LLC owned 0.06% of First Trust Rising Dividend Achievers ETF worth $15,013,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. NewEdge Advisors LLC lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 3.0% during the 2nd quarter. NewEdge Advisors LLC now owns 1,481,721 shares of the company’s stock valued at $120,108,000 after buying an additional 43,747 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in First Trust Rising Dividend Achievers ETF by 0.8% in the 2nd quarter. Baird Financial Group Inc. now owns 1,135,839 shares of the company’s stock worth $92,071,000 after buying an additional 8,940 shares during the period. Hudock Inc. purchased a new stake in First Trust Rising Dividend Achievers ETF in the 2nd quarter worth $223,000. Allworth Financial LP increased its stake in First Trust Rising Dividend Achievers ETF by 2.1% in the 2nd quarter. Allworth Financial LP now owns 55,955 shares of the company’s stock worth $4,536,000 after buying an additional 1,132 shares in the last quarter. Finally, Waverly Advisors LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 1,968.0% during the second quarter. Waverly Advisors LLC now owns 74,407 shares of the company’s stock valued at $6,031,000 after acquiring an additional 70,809 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Down 1.1%

Shares of First Trust Rising Dividend Achievers ETF stock opened at $81.15 on Wednesday. The stock’s 50-day simple moving average is $81.41 and its 200-day simple moving average is $76.33. First Trust Rising Dividend Achievers ETF has a 52 week low of $64.97 and a 52 week high of $84.02. The company has a market capitalization of $24.89 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.1474 per share. This represents a $0.59 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 25th.

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.