Freedom Investment Management Inc. Invests $244,000 in First Trust Rising Dividend Achievers ETF $RDVY

Freedom Investment Management Inc. purchased a new position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,888 shares of the company’s stock, valued at approximately $244,000.

Several other institutional investors have also modified their holdings of RDVY. Golden State Wealth Management LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 15.3% during the first quarter. Golden State Wealth Management LLC now owns 172,932 shares of the company’s stock worth $10,123,000 after acquiring an additional 22,998 shares during the last quarter. Northwest Wealth Management LLC acquired a new stake in First Trust Rising Dividend Achievers ETF in the first quarter worth about $353,000. Perissos Private Wealth Management LLC lifted its holdings in First Trust Rising Dividend Achievers ETF by 5.9% in the first quarter. Perissos Private Wealth Management LLC now owns 32,441 shares of the company’s stock worth $1,899,000 after purchasing an additional 1,814 shares during the period. Insight Inv LLC lifted its holdings in First Trust Rising Dividend Achievers ETF by 25.3% in the first quarter. Insight Inv LLC now owns 74,854 shares of the company’s stock worth $4,382,000 after purchasing an additional 15,120 shares during the period. Finally, Altus Wealth Group LLC lifted its holdings in First Trust Rising Dividend Achievers ETF by 6.9% in the first quarter. Altus Wealth Group LLC now owns 21,269 shares of the company’s stock worth $1,245,000 after purchasing an additional 1,382 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Up 1.0%

RDVY stock opened at $68.31 on Tuesday. The company has a market capitalization of $17.75 billion, a P/E ratio of 15.46 and a beta of 1.15. The company has a 50-day simple moving average of $66.45 and a 200 day simple moving average of $62.84. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $68.43.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.