First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Shares Sold by Wealth Effects LLC

Wealth Effects LLC cut its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 0.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 34,532 shares of the company’s stock after selling 298 shares during the period. First Trust Rising Dividend Achievers ETF makes up 0.8% of Wealth Effects LLC’s portfolio, making the stock its 24th largest holding. Wealth Effects LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $2,021,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. LPL Financial LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 4.8% in the fourth quarter. LPL Financial LLC now owns 21,307,144 shares of the company’s stock valued at $1,260,104,000 after buying an additional 980,714 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter valued at approximately $593,242,000. Wells Fargo & Company MN boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 3.8% in the fourth quarter. Wells Fargo & Company MN now owns 9,008,501 shares of the company’s stock valued at $532,763,000 after buying an additional 327,729 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 30.0% in the fourth quarter. Ameriprise Financial Inc. now owns 6,135,682 shares of the company’s stock valued at $362,832,000 after buying an additional 1,417,024 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 7.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company’s stock valued at $333,550,000 after buying an additional 409,135 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

First Trust Rising Dividend Achievers ETF stock opened at $61.69 on Thursday. First Trust Rising Dividend Achievers ETF has a 1-year low of $50.27 and a 1-year high of $64.63. The company has a market cap of $14.37 billion, a PE ratio of 14.82 and a beta of 1.15. The stock’s 50 day moving average price is $59.46 and its 200 day moving average price is $59.71.

First Trust Rising Dividend Achievers ETF 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.