Bay Colony Advisory Group Inc d b a Bay Colony Advisors Lowers Position in First Trust Rising Dividend Achievers ETF $RDVY

Bay Colony Advisory Group Inc d b a Bay Colony Advisors cut its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 16.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,613 shares of the company’s stock after selling 10,999 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in First Trust Rising Dividend Achievers ETF were worth $3,808,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in RDVY. Farmers & Merchants Investments Inc. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the second quarter valued at about $26,000. Compass Financial Services Inc bought a new stake in First Trust Rising Dividend Achievers ETF in the 1st quarter worth about $26,000. Mather Group LLC. bought a new stake in First Trust Rising Dividend Achievers ETF in the 3rd quarter worth about $31,000. Private Wealth Asset Management LLC increased its stake in First Trust Rising Dividend Achievers ETF by 201.1% in the 2nd quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock valued at $33,000 after buying an additional 352 shares during the last quarter. Finally, Quaker Wealth Management LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 200.2% during the 2nd quarter. Quaker Wealth Management LLC now owns 568 shares of the company’s stock worth $36,000 after buying an additional 1,135 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Up 0.9%

Shares of NASDAQ RDVY opened at $72.68 on Friday. The company has a market capitalization of $19.98 billion, a PE ratio of 15.46 and a beta of 1.10. The stock’s 50 day moving average price is $68.92 and its 200-day moving average price is $66.52. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $72.89.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.1996 dividend. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was 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.