First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Shares Acquired by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated boosted its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 184,370 shares of the company’s stock after purchasing an additional 1,645 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises approximately 1.3% of Silver Oak Securities Incorporated’s portfolio, making the stock its 11th biggest position. Silver Oak Securities Incorporated owned approximately 0.10% of First Trust Rising Dividend Achievers ETF worth $9,526,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth about $25,000. Hazlett Burt & Watson Inc. increased its position in First Trust Rising Dividend Achievers ETF by 87.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 478 shares of the company’s stock worth $25,000 after buying an additional 223 shares during the period. PFG Private Wealth Management LLC purchased a new stake in First Trust Rising Dividend Achievers ETF in the fourth quarter valued at approximately $26,000. Arlington Trust Co LLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter valued at approximately $29,000. Finally, Grove Bank & Trust purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth approximately $42,000.

First Trust Rising Dividend Achievers ETF Trading Down 0.1 %

Shares of First Trust Rising Dividend Achievers ETF stock traded down $0.03 during trading on Friday, reaching $54.24. The company’s stock had a trading volume of 675,886 shares, compared to its average volume of 798,541. The firm has a market cap of $10.25 billion, a PE ratio of 9.78 and a beta of 0.96. The company has a 50-day moving average price of $54.14 and a two-hundred day moving average price of $50.76. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $42.42 and a fifty-two week high of $56.28.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were issued a dividend of $0.2238 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Thursday, March 21st.

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.