First Trust Rising Dividend Achievers ETF $RDVY Holdings Trimmed by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. cut its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,574 shares of the company’s stock after selling 1,595 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,428,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Triumph Capital Management increased its position in First Trust Rising Dividend Achievers ETF by 7.6% in the 4th quarter. Triumph Capital Management now owns 116,915 shares of the company’s stock worth $6,914,000 after purchasing an additional 8,263 shares during the last quarter. Jane Street Group LLC acquired a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter worth about $935,000. Citadel Advisors LLC increased its position in First Trust Rising Dividend Achievers ETF by 38.8% in the 4th quarter. Citadel Advisors LLC now owns 52,401 shares of the company’s stock worth $3,099,000 after purchasing an additional 14,648 shares during the last quarter. Captrust Financial Advisors increased its position in First Trust Rising Dividend Achievers ETF by 22.0% in the 4th quarter. Captrust Financial Advisors now owns 5,097 shares of the company’s stock worth $301,000 after purchasing an additional 919 shares during the last quarter. Finally, Royal Bank of Canada increased its position in First Trust Rising Dividend Achievers ETF by 11.3% in the 4th quarter. Royal Bank of Canada now owns 3,403,022 shares of the company’s stock worth $201,255,000 after purchasing an additional 344,216 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of RDVY stock opened at $66.32 on Friday. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $66.76. The stock’s 50-day moving average is $64.49 and its two-hundred day moving average is $60.87. The firm has a market cap of $16.18 billion, a P/E ratio of 15.46 and a beta of 1.15.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a $0.1706 dividend. The ex-dividend date was Thursday, June 26th. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%.

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.