Koshinski Asset Management Inc. Increases Stake in First Trust Rising Dividend Achievers ETF $RDVY

Koshinski Asset Management Inc. lifted its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 545,512 shares of the company’s stock after purchasing an additional 12,233 shares during the period. First Trust Rising Dividend Achievers ETF accounts for about 2.6% of Koshinski Asset Management Inc.’s portfolio, making the stock its 3rd largest position. Koshinski Asset Management Inc. owned 0.22% of First Trust Rising Dividend Achievers ETF worth $34,225,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Compass Financial Services Inc bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the first quarter worth $26,000. Farmers & Merchants Investments Inc. bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the second quarter worth $26,000. SVB Wealth LLC bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the first quarter worth $29,000. Rise Advisors LLC bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the first quarter worth $31,000. Finally, Private Wealth Asset Management LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 201.1% during the second quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock worth $33,000 after purchasing an additional 352 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Up 0.5%

First Trust Rising Dividend Achievers ETF stock opened at $66.11 on Friday. The business’s 50-day simple moving average is $66.14 and its 200 day simple moving average is $62.18. The stock has a market cap of $17.07 billion, a price-to-earnings ratio of 15.46 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 $68.11.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.1487 per share. This represents a $0.59 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, September 25th.

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.