D.A. Davidson & CO. Buys 27,665 Shares of First Trust Rising Dividend Achievers ETF $RDVY

D.A. Davidson & CO. increased its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 853,924 shares of the company’s stock after acquiring an additional 27,665 shares during the quarter. D.A. Davidson & CO. owned about 0.35% of First Trust Rising Dividend Achievers ETF worth $53,575,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Compass Financial Services Inc bought a new stake in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at $26,000. Farmers & Merchants Investments Inc. bought a new stake in First Trust Rising Dividend Achievers ETF in the 2nd quarter valued at $26,000. SVB Wealth LLC bought a new stake in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at $29,000. Rise Advisors LLC bought a new stake in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at $31,000. Finally, Private Wealth Asset Management LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 201.1% in the 2nd quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock valued at $33,000 after buying an additional 352 shares during the period.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of First Trust Rising Dividend Achievers ETF stock opened at $67.31 on Wednesday. The firm has a market capitalization of $17.44 billion, a PE ratio of 15.46 and a beta of 1.15. The company’s fifty day moving average price is $66.25 and its two-hundred day moving average price is $62.38. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $68.11.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a $0.1487 dividend. This represents a $0.59 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, September 25th.

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.