U.S. Capital Wealth Advisors LLC Sells 41,975 Shares of First Trust Rising Dividend Achievers ETF $RDVY

U.S. Capital Wealth Advisors LLC cut its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 32.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 87,977 shares of the company’s stock after selling 41,975 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $5,520,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Farmers & Merchants Investments Inc. bought a new stake in First Trust Rising Dividend Achievers ETF during the second quarter valued at $26,000. Park Avenue Securities LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF by 46.6% during the 2nd quarter. Park Avenue Securities LLC now owns 38,172 shares of the company’s stock valued at $2,395,000 after purchasing an additional 12,125 shares in the last quarter. Silver Oak Securities Incorporated boosted its position in shares of First Trust Rising Dividend Achievers ETF by 3.7% during the 2nd quarter. Silver Oak Securities Incorporated now owns 228,237 shares of the company’s stock valued at $14,320,000 after purchasing an additional 8,043 shares in the last quarter. Kaydan Wealth Management Inc. grew its stake in First Trust Rising Dividend Achievers ETF by 2.2% during the second quarter. Kaydan Wealth Management Inc. now owns 18,818 shares of the company’s stock worth $1,181,000 after purchasing an additional 414 shares during the period. Finally, Kapstone Financial Advisors LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 16.1% in the second quarter. Kapstone Financial Advisors LLC now owns 14,854 shares of the company’s stock worth $932,000 after purchasing an additional 2,055 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY opened at $67.10 on Tuesday. The firm has a market cap of $16.37 billion, a PE ratio of 15.46 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $67.17. The business’s 50 day moving average price is $64.87 and its two-hundred day moving average price is $61.15.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were paid a dividend of $0.1706 per share. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.68 annualized dividend and a yield of 1.0%.

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.