Snowden Capital Advisors LLC Sells 20,370 Shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Snowden Capital Advisors LLC reduced its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY - Free Report) by 37.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,488 shares of the company's stock after selling 20,370 shares during the quarter. Snowden Capital Advisors LLC's holdings in First Trust Rising Dividend Achievers ETF were worth $1,980,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RDVY. Park Avenue Securities LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF by 223.1% in the 4th quarter. Park Avenue Securities LLC now owns 11,827 shares of the company's stock worth $699,000 after buying an additional 8,166 shares during the last quarter. Walker Asset Management LLC increased its stake in First Trust Rising Dividend Achievers ETF by 2.0% during the 4th quarter. Walker Asset Management LLC now owns 20,021 shares of the company's stock valued at $1,184,000 after purchasing an additional 400 shares in the last quarter. Merit Financial Group LLC increased its stake in First Trust Rising Dividend Achievers ETF by 5.5% during the 4th quarter. Merit Financial Group LLC now owns 40,698 shares of the company's stock valued at $2,407,000 after purchasing an additional 2,132 shares in the last quarter. TrueWealth Advisors LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 4.0% in the fourth quarter. TrueWealth Advisors LLC now owns 35,615 shares of the company's stock worth $2,106,000 after buying an additional 1,370 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 26.3% during the fourth quarter. Arkadios Wealth Advisors now owns 122,395 shares of the company's stock valued at $7,238,000 after buying an additional 25,484 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ RDVY traded down $0.61 during mid-day trading on Friday, reaching $59.36. The stock had a trading volume of 534,607 shares, compared to its average volume of 846,880. The stock has a market cap of $13.83 billion, a PE ratio of 14.58 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $64.63. The company has a fifty day moving average price of $57.45 and a 200 day moving average price of $60.09.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.2544 per share. The ex-dividend date was Thursday, March 27th. This is a boost from First Trust Rising Dividend Achievers ETF's previous quarterly dividend of $0.19. This represents a $1.02 annualized dividend and a dividend yield of 1.71%.

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.