Kovack Advisors Inc. Buys 37,526 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Kovack Advisors Inc. grew its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY – Free Report) by 33.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 150,525 shares of the company’s stock after acquiring an additional 37,526 shares during the period. Kovack Advisors Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $10,457,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Huntington National Bank grew its stake in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% during the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after buying an additional 370 shares during the last quarter. Financial Perspectives Inc bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth $26,000. Trust Co. of Vermont bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth $27,000. United Community Bank bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth $28,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth $36,000.

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First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ RDVY opened at $77.72 on Friday. The firm’s fifty day moving average price is $74.12 and its two-hundred day moving average price is $71.87. The stock has a market cap of $22.83 billion, a PE ratio of 15.46 and a beta of 1.01. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $60.30 and a fifty-two week high of $78.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.1813 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.73 annualized dividend and a dividend yield of 0.9%.

About First Trust Rising Dividend Achievers ETF

(Free Report)

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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Want to see what other hedge funds are holding RDVY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY – Free Report).

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