D.A. Davidson & CO. Acquires 16,593 Shares of First Trust Rising Dividend Achievers ETF $RDVY

D.A. Davidson & CO. grew its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 1.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 870,517 shares of the company’s stock after acquiring an additional 16,593 shares during the period. D.A. Davidson & CO. owned 0.34% of First Trust Rising Dividend Achievers ETF worth $58,551,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RDVY. Compass Financial Services Inc purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter worth $26,000. Farmers & Merchants Investments Inc. bought a new stake in First Trust Rising Dividend Achievers ETF during the second quarter valued at about $26,000. Rise Advisors LLC purchased a new stake in First Trust Rising Dividend Achievers ETF in the first quarter worth about $31,000. Mather Group LLC. bought a new position in shares of First Trust Rising Dividend Achievers ETF in the third quarter worth about $31,000. Finally, Private Wealth Asset Management LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 201.1% in the second quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock worth $33,000 after buying an additional 352 shares during the period.

First Trust Rising Dividend Achievers ETF Trading Up 1.0%

Shares of NASDAQ:RDVY opened at $70.15 on Monday. The stock has a 50 day moving average of $68.50 and a 200 day moving average of $66.21. The company has a market cap of $19.18 billion, a PE ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a 12-month low of $50.27 and a 12-month high of $70.88.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.1996 dividend. The ex-dividend date was Friday, December 12th. This is an increase 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 dividend 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.