First Trust Rising Dividend Achievers ETF $RDVY Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. trimmed its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 74.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 724,390 shares of the company’s stock after selling 2,085,709 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in First Trust Rising Dividend Achievers ETF were worth $51,618,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Petix & Botte Co increased its stake in First Trust Rising Dividend Achievers ETF by 17.2% in the fourth quarter. Petix & Botte Co now owns 163,375 shares of the company’s stock valued at $11,350,000 after purchasing an additional 24,026 shares during the period. Cornerstone Wealth Management LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 2.7% during the fourth quarter. Cornerstone Wealth Management LLC now owns 168,524 shares of the company’s stock worth $11,707,000 after buying an additional 4,446 shares during the last quarter. PCG Wealth Advisors LLC raised its stake in First Trust Rising Dividend Achievers ETF by 15.3% during the 4th quarter. PCG Wealth Advisors LLC now owns 41,941 shares of the company’s stock valued at $2,914,000 after acquiring an additional 5,572 shares during the last quarter. Pinnacle Associates Ltd. lifted its position in First Trust Rising Dividend Achievers ETF by 2.3% during the 4th quarter. Pinnacle Associates Ltd. now owns 204,561 shares of the company’s stock worth $14,211,000 after acquiring an additional 4,566 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter valued at approximately $628,000.

First Trust Rising Dividend Achievers ETF Stock Up 0.2%

Shares of First Trust Rising Dividend Achievers ETF stock opened at $73.78 on Tuesday. First Trust Rising Dividend Achievers ETF has a 52-week low of $59.01 and a 52-week high of $75.75. The company’s 50-day simple moving average is $71.63 and its 200-day simple moving average is $70.77. The firm has a market cap of $21.67 billion, a price-to-earnings ratio of 15.46 and a beta of 1.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.1813 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, March 26th.

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.