First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) is Guided Capital Wealth Management LLC’s 3rd Largest Position

Guided Capital Wealth Management LLC increased its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 136,030 shares of the company’s stock after acquiring an additional 3,104 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up about 6.7% of Guided Capital Wealth Management LLC’s portfolio, making the stock its 3rd biggest holding. Guided Capital Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $7,963,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Centennial Wealth Advisory LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 245.1% in the 1st quarter. Centennial Wealth Advisory LLC now owns 17,673 shares of the company’s stock worth $1,035,000 after acquiring an additional 12,552 shares in the last quarter. Kingswood Wealth Advisors LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 38.6% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 71,815 shares of the company’s stock worth $4,210,000 after acquiring an additional 19,992 shares in the last quarter. Wolf Group Capital Advisors increased its holdings in First Trust Rising Dividend Achievers ETF by 14.3% in the 1st quarter. Wolf Group Capital Advisors now owns 91,026 shares of the company’s stock worth $5,329,000 after acquiring an additional 11,367 shares in the last quarter. Cornerstone Wealth Management LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 8.1% in the 1st quarter. Cornerstone Wealth Management LLC now owns 129,850 shares of the company’s stock worth $7,601,000 after acquiring an additional 9,689 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. increased its holdings in First Trust Rising Dividend Achievers ETF by 6.0% in the 1st quarter. DHJJ Financial Advisors Ltd. now owns 13,251 shares of the company’s stock worth $776,000 after acquiring an additional 751 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ RDVY opened at $60.67 on Thursday. The firm has a market cap of $14.13 billion, a PE ratio of 15.48 and a beta of 1.15. The firm has a fifty day moving average of $58.82 and a 200 day moving average of $59.79. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $64.63.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued 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 dividend on an annualized basis and a dividend yield of 1.68%.

First Trust Rising Dividend Achievers ETF Company Profile

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.