First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Shares Acquired by Secure Asset Management LLC

Secure Asset Management LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 18.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,004 shares of the company’s stock after buying an additional 1,907 shares during the quarter. Secure Asset Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $703,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RDVY. Cullen Frost Bankers Inc. acquired a new position in First Trust Rising Dividend Achievers ETF during the fourth quarter worth about $25,000. Summit Investment Advisors Inc. grew its position in First Trust Rising Dividend Achievers ETF by 195.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 443 shares of the company’s stock worth $26,000 after buying an additional 293 shares during the period. Graney & King LLC acquired a new position in First Trust Rising Dividend Achievers ETF during the fourth quarter worth about $27,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in First Trust Rising Dividend Achievers ETF during the fourth quarter worth about $38,000. Finally, O Shaughnessy Asset Management LLC grew its position in First Trust Rising Dividend Achievers ETF by 169.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 901 shares of the company’s stock worth $53,000 after buying an additional 566 shares during the period.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY stock opened at $60.73 on Thursday. The company’s 50 day simple moving average is $57.65 and its 200-day simple moving average is $59.95. The firm has a market capitalization of $14.15 billion, a PE ratio of 15.48 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 $64.63.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.2544 dividend. The ex-dividend date was Thursday, March 27th. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.19. This represents a $1.02 annualized dividend and a dividend yield of 1.68%.

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.