Sequent Asset Management LLC Increases Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

Sequent Asset Management LLC lifted its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 154.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,656 shares of the company’s stock after purchasing an additional 8,292 shares during the quarter. Sequent Asset Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $919,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of RDVY. Compass Financial Services Inc purchased a new stake in First Trust Rising Dividend Achievers ETF during the 1st quarter valued at $26,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the second quarter worth about $26,000. Rise Advisors LLC purchased a new stake in First Trust Rising Dividend Achievers ETF during the 1st quarter valued at approximately $31,000. Private Wealth Asset Management LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 201.1% in the 2nd quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock valued at $33,000 after acquiring an additional 352 shares during the last quarter. Finally, Quaker Wealth Management LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 200.2% during the second quarter. Quaker Wealth Management LLC now owns 568 shares of the company’s stock valued at $36,000 after purchasing an additional 1,135 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Down 0.3%

Shares of NASDAQ:RDVY opened at $70.16 on Wednesday. The firm has a fifty day simple moving average of $68.35 and a two-hundred day simple moving average of $66.02. First Trust Rising Dividend Achievers ETF has a 52 week low of $50.27 and a 52 week high of $70.88. The stock has a market capitalization of $18.33 billion, a P/E ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be paid a $0.1996 dividend. The ex-dividend date is Friday, December 12th. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%.

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.