Advisor Resource Council Takes $300,000 Position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Advisor Resource Council acquired a new stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the fourth quarter, HoldingsChannel reports. The firm acquired 5,070 shares of the company’s stock, valued at approximately $300,000.

A number of other institutional investors have also modified their holdings of RDVY. Raymond James Financial Inc. acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter valued at approximately $593,242,000. Leigh Baldwin & CO. LLC acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter valued at approximately $132,464,000. Ameriprise Financial Inc. raised its position in shares of First Trust Rising Dividend Achievers ETF by 30.0% in the fourth quarter. Ameriprise Financial Inc. now owns 6,135,682 shares of the company’s stock valued at $362,832,000 after buying an additional 1,417,024 shares during the last quarter. LPL Financial LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 4.8% in the fourth quarter. LPL Financial LLC now owns 21,307,144 shares of the company’s stock valued at $1,260,104,000 after buying an additional 980,714 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in First Trust Rising Dividend Achievers ETF by 7.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company’s stock worth $333,550,000 after purchasing an additional 409,135 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY stock opened at $59.43 on Monday. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $64.63. The company has a 50 day moving average price of $57.47 and a 200 day moving average price of $60.04. The firm has a market capitalization of $13.84 billion, a price-to-earnings ratio of 14.58 and a beta of 1.15.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.2544 per share. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 27th. This represents a $1.02 annualized dividend and a yield of 1.71%.

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.