Horizon Advisory Services Inc. Sells 14,063 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Horizon Advisory Services Inc. decreased its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 537,012 shares of the company’s stock after selling 14,063 shares during the period. First Trust Rising Dividend Achievers ETF accounts for approximately 18.8% of Horizon Advisory Services Inc.’s portfolio, making the stock its 2nd largest holding. Horizon Advisory Services Inc. owned approximately 0.18% of First Trust Rising Dividend Achievers ETF worth $36,667,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of RDVY. LPL Financial LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF by 10.5% in the fourth quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock worth $2,119,121,000 after acquiring an additional 2,907,770 shares during the last quarter. Wells Fargo & Company MN increased its position in First Trust Rising Dividend Achievers ETF by 10.6% during the fourth quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock worth $783,359,000 after purchasing an additional 1,076,558 shares during the last quarter. Ameriprise Financial Inc. increased its position in First Trust Rising Dividend Achievers ETF by 15.7% during the second quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock worth $442,526,000 after purchasing an additional 957,587 shares during the last quarter. Morgan Stanley raised its stake in First Trust Rising Dividend Achievers ETF by 4.9% during the fourth quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock worth $1,400,025,000 after purchasing an additional 940,590 shares during the period. Finally, Arax Advisory Partners purchased a new position in First Trust Rising Dividend Achievers ETF during the fourth quarter worth approximately $47,643,000.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ RDVY opened at $79.29 on Monday. The firm has a market capitalization of $23.29 billion, a price-to-earnings ratio of 15.46 and a beta of 1.01. First Trust Rising Dividend Achievers ETF has a one year low of $61.84 and a one year high of $80.28. The company’s 50 day moving average price is $75.87 and its 200 day moving average price is $72.70.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be issued a dividend of $0.1474 per share. This represents a $0.59 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, June 25th.

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.