First Trust Rising Dividend Achievers ETF $RDVY Stock Sold by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. trimmed its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 22.8% in the 3rd quarter, Holdings Channel reports. The fund owned 123,862 shares of the company’s stock after selling 36,483 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises 1.9% of Total Clarity Wealth Management Inc.’s portfolio, making the stock its 4th biggest holding. Total Clarity Wealth Management Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $9,697,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kings Path Partners LLC bought a new position in First Trust Rising Dividend Achievers ETF during the third quarter worth $27,000. Bessemer Group Inc. acquired a new position in First Trust Rising Dividend Achievers ETF during the 1st quarter valued at $29,000. Anchor Investment Management LLC acquired a new position in First Trust Rising Dividend Achievers ETF during the 1st quarter valued at $34,000. Rosenberg Matthew Hamilton acquired a new position in First Trust Rising Dividend Achievers ETF during the 3rd quarter valued at $43,000. Finally, Thompson Investment Management Inc. bought a new stake in First Trust Rising Dividend Achievers ETF in the 2nd quarter valued at $56,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of First Trust Rising Dividend Achievers ETF stock opened at $79.14 on Wednesday. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $64.99 and a fifty-two week high of $84.02. The firm has a fifty day moving average price of $80.16 and a two-hundred day moving average price of $76.29. The company has a market cap of $25.36 billion, a PE ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.