Kingswood Wealth Advisors LLC Has $4.21 Million Stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Kingswood Wealth Advisors LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 38.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,815 shares of the company’s stock after purchasing an additional 19,992 shares during the period. Kingswood Wealth Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,210,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Triumph Capital Management increased its holdings in First Trust Rising Dividend Achievers ETF by 7.6% during the 4th quarter. Triumph Capital Management now owns 116,915 shares of the company’s stock valued at $6,914,000 after purchasing an additional 8,263 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in First Trust Rising Dividend Achievers ETF by 4.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 123,295 shares of the company’s stock valued at $7,292,000 after purchasing an additional 5,417 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in First Trust Rising Dividend Achievers ETF by 6.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,185,165 shares of the company’s stock valued at $70,091,000 after purchasing an additional 70,422 shares in the last quarter. Paragon Private Wealth Management LLC boosted its position in First Trust Rising Dividend Achievers ETF by 7.6% in the 4th quarter. Paragon Private Wealth Management LLC now owns 12,984 shares of the company’s stock valued at $768,000 after buying an additional 914 shares during the last quarter. Finally, Intellus Advisors LLC bought a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at $18,380,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY opened at $60.70 on Wednesday. The firm has a market capitalization of $14.14 billion, a price-to-earnings ratio of 15.48 and a beta of 1.15. The business’s fifty day moving average price is $58.72 and its two-hundred day moving average price is $59.78. First Trust Rising Dividend Achievers ETF has a 52 week low of $50.27 and a 52 week high of $64.63.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.2544 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 1.68%. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 27th.

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.