Ergawealth Advisors Inc. Buys 14,279 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Ergawealth Advisors Inc. boosted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 5.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 271,590 shares of the company’s stock after acquiring an additional 14,279 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up approximately 7.7% of Ergawealth Advisors Inc.’s holdings, making the stock its 3rd biggest holding. Ergawealth Advisors Inc. owned about 0.11% of First Trust Rising Dividend Achievers ETF worth $17,040,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of RDVY. Signal Advisors Wealth LLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the first quarter valued at approximately $238,000. Sovereign Financial Group Inc. boosted its position in First Trust Rising Dividend Achievers ETF by 4.8% in the 1st quarter. Sovereign Financial Group Inc. now owns 123,229 shares of the company’s stock valued at $7,214,000 after buying an additional 5,608 shares during the last quarter. StoneCrest Wealth Management Inc. bought a new position in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at $6,602,000. Whitaker Myers Wealth Managers LTD. increased its stake in shares of First Trust Rising Dividend Achievers ETF by 2.6% in the 1st quarter. Whitaker Myers Wealth Managers LTD. now owns 25,924 shares of the company’s stock valued at $1,518,000 after buying an additional 645 shares during the period. Finally, Miracle Mile Advisors LLC bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the first quarter worth $620,000.

First Trust Rising Dividend Achievers ETF Stock Up 0.1%

First Trust Rising Dividend Achievers ETF stock opened at $67.67 on Friday. The business’s 50-day simple moving average is $65.56 and its 200 day simple moving average is $61.68. The stock has a market cap of $17.35 billion, a price-to-earnings ratio of 15.46 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a 12-month low of $50.27 and a 12-month high of $68.06.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.