Park Avenue Securities LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY – Free Report) by 11.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,313 shares of the company’s stock after buying an additional 6,579 shares during the period. Park Avenue Securities LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,878,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Basepoint Wealth LLC raised its stake in First Trust Rising Dividend Achievers ETF by 4.5% during the 1st quarter. Basepoint Wealth LLC now owns 3,187 shares of the company’s stock valued at $218,000 after acquiring an additional 136 shares in the last quarter. Retirement Planning Group LLC boosted its position in First Trust Rising Dividend Achievers ETF by 1.8% during the 1st quarter. Retirement Planning Group LLC now owns 8,013 shares of the company’s stock worth $547,000 after acquiring an additional 138 shares during the period. Quadrant Capital Group LLC boosted its position in First Trust Rising Dividend Achievers ETF by 3.1% during the 3rd quarter. Quadrant Capital Group LLC now owns 4,691 shares of the company’s stock worth $373,000 after acquiring an additional 141 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in shares of First Trust Rising Dividend Achievers ETF by 1.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 17,408 shares of the company’s stock worth $1,363,000 after purchasing an additional 177 shares in the last quarter. Finally, Castleview Partners LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF by 2.8% in the first quarter. Castleview Partners LLC now owns 6,898 shares of the company’s stock worth $471,000 after purchasing an additional 189 shares in the last quarter.
First Trust Rising Dividend Achievers ETF Trading Up 0.8%
RDVY stock opened at $79.95 on Friday. First Trust Rising Dividend Achievers ETF has a 52 week low of $64.99 and a 52 week high of $84.02. The company has a market capitalization of $25.62 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. The firm’s 50-day moving average is $80.04 and its two-hundred day moving average is $76.36.
First Trust Rising Dividend Achievers ETF Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.1521 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, September 24th. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474.
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.
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