Old Port Advisors Sells 1,208 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Old Port Advisors decreased its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 17.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 5,549 shares of the company’s stock after selling 1,208 shares during the period. Old Port Advisors’ holdings in First Trust Rising Dividend Achievers ETF were worth $348,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in RDVY. Compass Financial Services Inc bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter valued at $26,000. Farmers & Merchants Investments Inc. bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the 2nd quarter valued at $26,000. SVB Wealth LLC bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter valued at $29,000. Rise Advisors LLC bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter valued at $31,000. Finally, Atlantic Edge Private Wealth Management LLC increased its position in shares of First Trust Rising Dividend Achievers ETF by 224.0% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 674 shares of the company’s stock valued at $39,000 after buying an additional 466 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Up 1.0%

RDVY opened at $67.23 on Friday. First Trust Rising Dividend Achievers ETF has a 12 month low of $50.27 and a 12 month high of $67.53. The company has a fifty day simple moving average of $65.21 and a 200 day simple moving average of $61.37. The stock has a market cap of $16.40 billion, a P/E ratio of 15.46 and a beta of 1.15.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Thursday, September 25th will be paid a $0.1487 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $0.59 dividend on an annualized basis and a yield of 0.9%.

First Trust Rising Dividend Achievers ETF Company 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.