Gateway Wealth Partners LLC Increases Stake in First Trust Rising Dividend Achievers ETF $RDVY

Gateway Wealth Partners LLC raised its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY – Free Report) by 91.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 249,140 shares of the company’s stock after acquiring an additional 119,193 shares during the quarter. Gateway Wealth Partners LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $17,011,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RDVY. Financial Perspectives Inc purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter valued at approximately $26,000. Huntington National Bank boosted its holdings in First Trust Rising Dividend Achievers ETF by 37,000.0% in the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after buying an additional 370 shares during the period. Trust Co. of Vermont purchased a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at approximately $27,000. United Community Bank purchased a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at approximately $28,000. Finally, Bessemer Group Inc. bought a new stake in First Trust Rising Dividend Achievers ETF during the 1st quarter valued at $29,000.

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First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ:RDVY opened at $79.98 on Monday. The company has a market cap of $24.39 billion, a P/E ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 1 year low of $62.02 and a 1 year high of $81.36. The stock’s fifty day moving average price is $78.14 and its two-hundred day moving average price is $74.11.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.1474 per share. This represents a $0.59 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 25th.

First Trust Rising Dividend Achievers ETF Profile

(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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