First Trust Rising Dividend Achievers ETF $RDVY Shares Sold by Concorde Asset Management LLC

Concorde Asset Management LLC lessened its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 16.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,270 shares of the company’s stock after selling 7,529 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for 1.2% of Concorde Asset Management LLC’s portfolio, making the stock its 23rd largest position. Concorde Asset Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $2,545,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter valued at $743,000. Flagship Harbor Advisors LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF by 23.2% in the fourth quarter. Flagship Harbor Advisors LLC now owns 162,537 shares of the company’s stock worth $11,291,000 after acquiring an additional 30,610 shares during the period. O Connor Financial Group LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth $10,958,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth $628,000. Finally, J.W. Cole Advisors Inc. raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 16.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 105,998 shares of the company’s stock worth $7,334,000 after purchasing an additional 14,615 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ RDVY opened at $81.09 on Friday. First Trust Rising Dividend Achievers ETF has a 1 year low of $62.02 and a 1 year high of $81.46. The company has a market capitalization of $24.82 billion, a PE ratio of 15.46 and a beta of 1.00. The company has a fifty day moving average of $78.78 and a 200 day moving average of $74.39.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.