IFG Advisory LLC Has $13.66 Million Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

IFG Advisory LLC trimmed its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 7.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196,626 shares of the company’s stock after selling 15,540 shares during the period. IFG Advisory LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $13,660,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of RDVY. AQR Capital Management LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 70.2% in the 1st quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock valued at $1,819,000 after acquiring an additional 12,820 shares during the period. First Trust Advisors LP raised its position in shares of First Trust Rising Dividend Achievers ETF by 104.0% in the 2nd quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock valued at $1,502,000 after acquiring an additional 12,204 shares during the period. Cerity Partners LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 38.1% during the 2nd quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock worth $355,000 after buying an additional 1,561 shares during the period. Betterment LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 19.4% during the 2nd quarter. Betterment LLC now owns 48,475 shares of the company’s stock worth $3,041,000 after buying an additional 7,892 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in First Trust Rising Dividend Achievers ETF during the 2nd quarter worth approximately $1,433,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY stock opened at $75.69 on Thursday. The company has a market capitalization of $22.23 billion, a P/E ratio of 15.46 and a beta of 1.02. The company’s 50 day moving average price is $72.44 and its two-hundred day moving average price is $71.15. First Trust Rising Dividend Achievers ETF has a 52 week low of $59.67 and a 52 week high of $76.57.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.