Compass Capital Corp MA ADV Lowers Stake in First Trust Rising Dividend Achievers ETF $RDVY

Compass Capital Corp MA ADV cut its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 87.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,612 shares of the company’s stock after selling 33,270 shares during the quarter. Compass Capital Corp MA ADV’s holdings in First Trust Rising Dividend Achievers ETF were worth $335,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. LPL Financial LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 10.5% during the fourth quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock worth $2,119,121,000 after buying an additional 2,907,770 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 1.8% during the second quarter. Raymond James Financial Inc. now owns 11,201,473 shares of the company’s stock worth $702,780,000 after buying an additional 198,938 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 10.1% during the third quarter. Ameriprise Financial Inc. now owns 7,790,897 shares of the company’s stock worth $523,914,000 after buying an additional 716,800 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 7.0% during the third quarter. Bank of America Corp DE now owns 6,992,315 shares of the company’s stock worth $470,303,000 after buying an additional 455,258 shares in the last quarter. Finally, UBS Group AG grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.4% during the fourth quarter. UBS Group AG now owns 5,994,505 shares of the company’s stock worth $416,438,000 after buying an additional 254,241 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ RDVY opened at $77.72 on Friday. The company has a market cap of $22.83 billion, a PE ratio of 15.46 and a beta of 1.01. First Trust Rising Dividend Achievers ETF has a 12 month low of $60.30 and a 12 month high of $78.00. The company has a 50-day simple moving average of $74.12 and a 200-day simple moving average of $71.87.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.1813 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 0.9%.

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.