Concorde Asset Management LLC Decreases Stake in First Trust Rising Dividend Achievers ETF $RDVY

Concorde Asset Management LLC lowered its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 15.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,799 shares of the company’s stock after selling 8,443 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for about 1.2% of Concorde Asset Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Concorde Asset Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $3,112,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of RDVY. AQR Capital Management LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 70.2% in the first quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock worth $1,819,000 after purchasing an additional 12,820 shares during the last quarter. First Trust Advisors LP raised its stake in shares of First Trust Rising Dividend Achievers ETF by 104.0% in the second quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock worth $1,502,000 after purchasing an additional 12,204 shares during the last quarter. Cerity Partners LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 38.1% in the second quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock worth $355,000 after purchasing an additional 1,561 shares during the last quarter. Betterment LLC increased its position in First Trust Rising Dividend Achievers ETF by 19.4% during the second quarter. Betterment LLC now owns 48,475 shares of the company’s stock valued at $3,041,000 after acquiring an additional 7,892 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in First Trust Rising Dividend Achievers ETF during the second quarter valued at $1,433,000.

First Trust Rising Dividend Achievers ETF Stock Performance

First Trust Rising Dividend Achievers ETF stock opened at $78.58 on Friday. The stock has a market cap of $23.08 billion, a PE ratio of 15.46 and a beta of 1.01. First Trust Rising Dividend Achievers ETF has a one year low of $60.30 and a one year high of $78.71. The stock has a fifty day moving average of $74.31 and a 200 day moving average of $71.92.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.1813 per share. This represents a $0.73 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, March 26th.

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.