First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Shares Acquired by Alta Wealth Advisors LLC

Alta Wealth Advisors LLC boosted its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 5,603 shares of the company’s stock after buying an additional 236 shares during the period. Alta Wealth Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $328,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LPL Financial LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 4.8% in the 4th quarter. LPL Financial LLC now owns 21,307,144 shares of the company’s stock worth $1,260,104,000 after acquiring an additional 980,714 shares in the last quarter. Raymond James Financial Inc. bought a new position in First Trust Rising Dividend Achievers ETF during the fourth quarter worth $593,242,000. Wells Fargo & Company MN lifted its stake in First Trust Rising Dividend Achievers ETF by 3.8% during the fourth quarter. Wells Fargo & Company MN now owns 9,008,501 shares of the company’s stock worth $532,763,000 after purchasing an additional 327,729 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in First Trust Rising Dividend Achievers ETF by 30.0% in the fourth quarter. Ameriprise Financial Inc. now owns 6,135,682 shares of the company’s stock worth $362,832,000 after purchasing an additional 1,417,024 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in First Trust Rising Dividend Achievers ETF by 7.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company’s stock valued at $333,550,000 after purchasing an additional 409,135 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:RDVY opened at $62.09 on Friday. The company’s fifty day moving average is $59.61 and its two-hundred day moving average is $59.71. First Trust Rising Dividend Achievers ETF has a 1-year low of $50.27 and a 1-year high of $64.63. The stock has a market capitalization of $14.46 billion, a price-to-earnings ratio of 14.82 and a beta of 1.15.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, June 26th will be given a dividend of $0.1706 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Thursday, June 26th.

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.