Woodmont Investment Counsel LLC Buys 1,339 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Woodmont Investment Counsel LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 12.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 11,756 shares of the company’s stock after acquiring an additional 1,339 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $738,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in RDVY. Compass Financial Services Inc acquired a new position in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at about $26,000. Farmers & Merchants Investments Inc. acquired a new position in First Trust Rising Dividend Achievers ETF in the 2nd quarter valued at approximately $26,000. SVB Wealth LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF during the first quarter worth about $29,000. Rise Advisors LLC acquired a new position in First Trust Rising Dividend Achievers ETF in the first quarter valued at $31,000. Finally, Atlantic Edge Private Wealth Management LLC lifted its stake in First Trust Rising Dividend Achievers ETF by 224.0% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 674 shares of the company’s stock valued at $39,000 after buying an additional 466 shares during the period.

First Trust Rising Dividend Achievers ETF Trading Up 0.3%

RDVY opened at $67.89 on Tuesday. The company has a market cap of $17.42 billion, a price-to-earnings ratio of 15.46 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 $68.07. The company’s fifty day moving average price is $65.64 and its two-hundred day moving average price is $61.77.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a dividend of $0.1487 per share. The ex-dividend date was Thursday, September 25th. This represents a $0.59 annualized dividend and a yield of 0.9%.

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.