First Trust Rising Dividend Achievers ETF $RDVY Shares Sold by Sanchez Wealth Management Group

Sanchez Wealth Management Group trimmed its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 95.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,158 shares of the company’s stock after selling 320,196 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up approximately 3.8% of Sanchez Wealth Management Group’s portfolio, making the stock its 11th largest position. Sanchez Wealth Management Group’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,265,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Bank of America Corp DE raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 3.0% during the first quarter. Bank of America Corp DE now owns 7,444,315 shares of the company’s stock valued at $508,298,000 after acquiring an additional 219,060 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of First Trust Rising Dividend Achievers ETF by 1.6% in the second quarter. Envestnet Asset Management Inc. now owns 5,503,234 shares of the company’s stock worth $446,092,000 after buying an additional 86,684 shares during the period. Royal Bank of Canada boosted its position in First Trust Rising Dividend Achievers ETF by 6.5% during the 1st 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 during the period. Cetera Investment Advisers boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 8.0% during the first quarter. Cetera Investment Advisers now owns 4,044,145 shares of the company’s stock worth $276,134,000 after purchasing an additional 299,620 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of 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 acquiring an additional 379,961 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ RDVY opened at $81.09 on Thursday. The company has a market capitalization of $26.08 billion, a P/E ratio of 15.46 and a beta of 1.01. The business’s 50-day moving average price is $79.87 and its two-hundred day moving average price is $76.52. First Trust Rising Dividend Achievers ETF has a one year low of $64.99 and a one year high of $84.02.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.