Cwm LLC Has $65.85 Million Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Cwm LLC decreased its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 979,064 shares of the company’s stock after selling 38,045 shares during the period. Cwm LLC owned about 0.38% of First Trust Rising Dividend Achievers ETF worth $65,852,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Compass Financial Services Inc purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the first quarter valued at $26,000. Farmers & Merchants Investments Inc. acquired a new position in First Trust Rising Dividend Achievers ETF during the second quarter valued at $26,000. SVB Wealth LLC purchased a new stake in First Trust Rising Dividend Achievers ETF in the 1st quarter worth about $29,000. Rise Advisors LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the first quarter worth approximately $31,000. Finally, Private Wealth Asset Management LLC grew its position in First Trust Rising Dividend Achievers ETF by 201.1% during the second quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock valued at $33,000 after purchasing an additional 352 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Up 0.4%

RDVY stock opened at $70.74 on Friday. The company has a 50 day moving average of $68.14 and a two-hundred day moving average of $65.76. The company has a market cap of $18.48 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a 12-month low of $50.27 and a 12-month high of $70.88.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be issued a dividend of $0.1996 per share. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, December 12th.

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.