First Trust Rising Dividend Achievers ETF $RDVY Shares Sold by Insight Inv LLC

Insight Inv LLC reduced its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 9.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 68,652 shares of the company’s stock after selling 7,302 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for about 2.7% of Insight Inv LLC’s holdings, making the stock its 4th biggest holding. Insight Inv LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,618,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. First Horizon Corp bought a new stake in First Trust Rising Dividend Achievers ETF during the 3rd quarter worth $25,000. Farmers & Merchants Investments Inc. acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the second quarter valued at approximately $26,000. Mather Group LLC. acquired a new stake in First Trust Rising Dividend Achievers ETF during the 3rd quarter worth approximately $31,000. Private Wealth Asset Management LLC grew its holdings in First Trust Rising Dividend Achievers ETF by 201.1% during the 2nd quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock worth $33,000 after acquiring an additional 352 shares during the last quarter. Finally, Quaker Wealth Management LLC increased its position in First Trust Rising Dividend Achievers ETF by 200.2% in the 2nd quarter. Quaker Wealth Management LLC now owns 568 shares of the company’s stock valued at $36,000 after acquiring an additional 1,135 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY stock opened at $72.61 on Friday. The company has a market capitalization of $20.13 billion, a P/E ratio of 15.46 and a beta of 1.10. The company has a fifty day moving average price of $69.44 and a 200-day moving average price of $66.87. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $73.11.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.