Cambridge Investment Research Advisors Downgrades Position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Financial Advisors


Cambridge Investment Research Advisors reduced its stake in the First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY – Get Rating) by 15.1% in the fourth quarter, according to its latest filing with the Securities and Exchange Commission. He owned 2,134,696 shares in the company after the company sold 380,244 of his shares during the quarter. The First Trust Rising Dividend Achievers ETF comprises approximately 0.5% of Cambridge Investment Research Advisors Inc.’s investment portfolio, making it its 29th largest position. Cambridge Investment Research Advisors, Inc. owned 1.21% of the First Trust Rising Dividend Achievers ETF worth $93,756,000 as of the latest SEC filing.

Other hedge funds have also changed their stakes in the company. Royal Bank of Canada boosted its First Trust Rising Dividend Achievers ETF position by 36.3% in the first quarter. Royal Bank of Canada owns 3,260,517 shares worth $159,766,000 after purchasing an additional 868,610 shares in the previous quarter. Goldstein Advisors LLC acquired new shares in the First Trust Rising Dividend Achievers ETF worth approximately $12,116,000 in the fourth quarter. Kestra Advisory Services LLC increased its position in the First Trust Rising Dividend Achievers ETF by 13.9% in the fourth quarter. He owns 1,777,485 shares of Kestra Advisory Services LLC worth $78,067,000 after purchasing an additional 216,511 shares in the previous quarter. Janney Montgomery Scott LLC increased its position in the First Trust Rising Dividend Achievers ETF by 43.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 589,792 shares worth $25,904,000 after purchasing an additional 177,310 shares in the previous quarter. Finally, Citadel Advisors LLC acquired new shares in the First Trust Rising Dividend Achievers ETF worth approximately $6,599,000 in the second quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of RDVY climbed $0.95 in intraday trading on Friday to reach $43.78. The company’s stock had a trading volume of 360,616 shares for him, with an average trading volume of 713,557 shares. The First Trust Rising Dividend Achievers ETF hit a 12-month low of $38.34 and a 12-month high of $49.17. The stock has a market cap of $7.59 billion, a PE ratio of 9.91 and a beta of 1.15. The company has a 50-day moving average of $44.83 and a 200-day moving average of $45.19.

First Trust Rising Dividend Achievers ETF Decreases Dividend

The company recently announced a quarterly dividend, which was paid out on Friday, March 31st. Investors of record on Monday, March 27 were paid a dividend of $0.211 per share. The ex-dividend date was Friday, March 24. This represents his $0.84 dividend and his 1.93% yield on an annual basis.

First Trust Rising Dividend Achievers ETF Profile

(get rating)

First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund based on the NASDAQ US Rising Dividend Achievers Index. The fund tracks an index of 50 large-cap stocks with rising quality dividends. RDVY was launched on January 6, 2014 and is managed by First Trust.

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First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Quarterly Institutional Ownership

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