Whipplewood Advisors LLC Reduces Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Whipplewood Advisors LLC trimmed its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 87.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,107 shares of the company’s stock after selling 27,574 shares during the period. Whipplewood Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $258,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farmers & Merchants Investments Inc. purchased a new position in First Trust Rising Dividend Achievers ETF in the second quarter worth about $26,000. Compass Financial Services Inc purchased a new position in First Trust Rising Dividend Achievers ETF in the first quarter worth about $26,000. SVB Wealth LLC purchased a new position in First Trust Rising Dividend Achievers ETF in the first quarter worth about $29,000. Rise Advisors LLC purchased a new position in First Trust Rising Dividend Achievers ETF in the first quarter worth about $31,000. Finally, Private Wealth Asset Management LLC boosted its position in First Trust Rising Dividend Achievers ETF by 201.1% in the second quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock worth $33,000 after purchasing an additional 352 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:RDVY opened at $67.64 on Monday. The stock has a market capitalization of $17.57 billion, a price-to-earnings ratio of 15.46 and a beta of 1.15. The stock’s 50-day simple moving average is $66.38 and its two-hundred day simple moving average is $62.75. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $68.11.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a dividend of $0.1487 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, September 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.