Moloney Securities Asset Management LLC Sells 1,586 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Moloney Securities Asset Management LLC lowered its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 7.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 18,923 shares of the company’s stock after selling 1,586 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,187,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. LPL Financial LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 11.2% during the 1st quarter. LPL Financial LLC now owns 23,686,574 shares of the company’s stock worth $1,386,612,000 after buying an additional 2,379,430 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of First Trust Rising Dividend Achievers ETF by 9.7% during the 1st quarter. Raymond James Financial Inc. now owns 11,002,535 shares of the company’s stock worth $644,088,000 after buying an additional 971,388 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 7.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 6,074,450 shares of the company’s stock worth $355,598,000 after buying an additional 434,447 shares in the last quarter. Royal Bank of Canada lifted its position in shares of First Trust Rising Dividend Achievers ETF by 3.5% during the 1st quarter. Royal Bank of Canada now owns 3,521,054 shares of the company’s stock worth $206,123,000 after buying an additional 118,032 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of First Trust Rising Dividend Achievers ETF by 10.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,421,026 shares of the company’s stock worth $200,267,000 after buying an additional 334,330 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Up 0.4%

First Trust Rising Dividend Achievers ETF stock opened at $67.64 on Friday. First Trust Rising Dividend Achievers ETF has a 52 week low of $50.27 and a 52 week high of $68.11. The company’s 50 day moving average price is $66.38 and its two-hundred day moving average price is $62.63. The stock has a market cap of $17.57 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 declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were paid a dividend of $0.1487 per share. The ex-dividend date was Thursday, September 25th. This represents a $0.59 annualized dividend and a dividend yield of 0.9%.

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.