First Trust Rising Dividend Achievers ETF $RDVY Stake Lowered by Legacy Wealth Managment LLC ID

Legacy Wealth Managment LLC ID cut its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 17.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,709 shares of the company’s stock after selling 6,945 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up 1.1% of Legacy Wealth Managment LLC ID’s portfolio, making the stock its 13th biggest holding. Legacy Wealth Managment LLC ID’s holdings in First Trust Rising Dividend Achievers ETF were worth $2,302,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of RDVY. Huntington National Bank boosted its position in First Trust Rising Dividend Achievers ETF by 37,000.0% during the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock valued at $26,000 after purchasing an additional 370 shares during the last quarter. Financial Perspectives Inc acquired a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter worth about $26,000. Trust Co. of Vermont acquired a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter worth about $27,000. United Community Bank purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter worth about $28,000. Finally, Bessemer Group Inc. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter worth about $29,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of First Trust Rising Dividend Achievers ETF stock opened at $79.77 on Tuesday. The firm has a market cap of $24.26 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. The stock has a 50-day simple moving average of $77.66 and a 200-day simple moving average of $73.83. First Trust Rising Dividend Achievers ETF has a 52-week low of $62.02 and a 52-week high of $81.36.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.1474 per share. This represents a $0.59 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 25th.

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.