Legacy Capital Wealth Partners LLC Sells 8,528 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Legacy Capital Wealth Partners LLC lowered its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 5.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 158,580 shares of the company’s stock after selling 8,528 shares during the period. First Trust Rising Dividend Achievers ETF comprises approximately 2.0% of Legacy Capital Wealth Partners LLC’s investment portfolio, making the stock its 6th biggest position. Legacy Capital Wealth Partners LLC owned approximately 0.06% of First Trust Rising Dividend Achievers ETF worth $9,531,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Compass Financial Services Inc purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter valued at about $26,000. Farmers & Merchants Investments Inc. acquired a new stake in First Trust Rising Dividend Achievers ETF in the second quarter valued at approximately $26,000. SVB Wealth LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the first quarter valued at approximately $29,000. Rise Advisors LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the first quarter valued at approximately $31,000. Finally, Private Wealth Asset Management LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 201.1% during the 2nd quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock worth $33,000 after buying an additional 352 shares during the period.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ:RDVY opened at $68.33 on Friday. The business’s 50 day moving average price is $67.09 and its 200-day moving average price is $64.57. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $68.49. The firm has a market capitalization of $17.85 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a $0.1487 dividend. The ex-dividend date was Thursday, September 25th. This represents a $0.59 annualized dividend and a dividend 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.