First Trust Rising Dividend Achievers ETF $RDVY Position Reduced by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. decreased its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,717,559 shares of the company’s stock after selling 92,540 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.96% of First Trust Rising Dividend Achievers ETF worth $188,789,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RDVY. AQR Capital Management LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 70.2% during the 1st quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock worth $1,819,000 after buying an additional 12,820 shares during the period. First Trust Advisors LP raised its holdings in First Trust Rising Dividend Achievers ETF by 104.0% during the 2nd quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock worth $1,502,000 after buying 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 valued at $1,433,000.

First Trust Rising Dividend Achievers ETF Stock Down 0.4%

Shares of NASDAQ:RDVY opened at $75.39 on Friday. The company’s fifty day moving average is $72.56 and its two-hundred day moving average is $71.21. First Trust Rising Dividend Achievers ETF has a 12-month low of $59.67 and a 12-month high of $76.57. The company has a market cap of $22.15 billion, a P/E ratio of 15.46 and a beta of 1.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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