HighTower Advisors LLC Sells 181,850 Shares of First Trust Rising Dividend Achievers ETF $RDVY

HighTower Advisors LLC decreased its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVYFree Report) by 11.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,342,401 shares of the company’s stock after selling 181,850 shares during the quarter. HighTower Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $108,815,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Huntington National Bank boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% during the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after acquiring an additional 370 shares during the last quarter. Bessemer Group Inc. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter worth $29,000. Anchor Investment Management LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter worth $34,000. Lloyd Advisory Services LLC. bought a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter worth $36,000. Finally, University of Texas Texas AM Investment Management Co. bought a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter worth $37,000.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ RDVY opened at $82.04 on Monday. The business’s fifty day moving average is $81.37 and its 200 day moving average is $76.20. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $64.97 and a fifty-two week high of $84.02. The company has a market capitalization of $25.16 billion, a PE ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

First Trust Rising Dividend Achievers ETF Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

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