First Trust Rising Dividend Achievers ETF $RDVY Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,440,958 shares of the company’s stock after purchasing an additional 103,568 shares during the period. First Trust Rising Dividend Achievers ETF comprises about 0.8% of Private Advisor Group LLC’s holdings, making the stock its 17th largest position. Private Advisor Group LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $164,179,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 70.2% in the first quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock valued at $1,819,000 after buying an additional 12,820 shares during the last quarter. Bank of Montreal Can lifted its holdings in First Trust Rising Dividend Achievers ETF by 3.4% during the 2nd quarter. Bank of Montreal Can now owns 21,562 shares of the company’s stock worth $1,353,000 after buying an additional 709 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in First Trust Rising Dividend Achievers ETF by 3.1% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 103,427 shares of the company’s stock worth $6,489,000 after buying an additional 3,104 shares during the last quarter. Ascension Capital Advisors Inc. boosted its position in shares of First Trust Rising Dividend Achievers ETF by 0.5% during the 2nd quarter. Ascension Capital Advisors Inc. now owns 536,395 shares of the company’s stock worth $33,653,000 after acquiring an additional 2,497 shares in the last quarter. Finally, Cahill Financial Advisors Inc. boosted its position in shares of First Trust Rising Dividend Achievers ETF by 2.6% during the 2nd quarter. Cahill Financial Advisors Inc. now owns 15,453 shares of the company’s stock worth $970,000 after acquiring an additional 397 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY opened at $69.55 on Monday. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $73.54. The company has a market cap of $19.62 billion, a P/E ratio of 15.46 and a beta of 1.10. The business’s 50-day simple moving average is $71.97 and its 200-day simple moving average is $69.00.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

First Trust Rising Dividend Achievers ETF 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.