Armbruster Capital Management Inc. Sells 630 Shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Armbruster Capital Management Inc. decreased its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 14.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,625 shares of the company’s stock after selling 630 shares during the quarter. Armbruster Capital Management Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $212,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter worth about $25,000. Summit Investment Advisors Inc. boosted its stake in First Trust Rising Dividend Achievers ETF by 195.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 443 shares of the company’s stock worth $26,000 after purchasing an additional 293 shares during the period. Graney & King LLC bought a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter worth about $27,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter worth about $38,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in First Trust Rising Dividend Achievers ETF by 169.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 901 shares of the company’s stock worth $53,000 after purchasing an additional 566 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Down 1.4%

Shares of NASDAQ RDVY opened at $60.52 on Friday. First Trust Rising Dividend Achievers ETF has a 52 week low of $50.27 and a 52 week high of $64.63. The business has a 50-day simple moving average of $58.44 and a two-hundred day simple moving average of $59.86. The company has a market cap of $14.10 billion, a P/E ratio of 15.48 and a beta of 1.15.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a $0.2544 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.02 annualized dividend and a yield of 1.68%. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.19.

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.