Principal Securities Inc. Buys 9,753 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Principal Securities Inc. raised its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 7.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 141,052 shares of the company’s stock after purchasing an additional 9,753 shares during the quarter. Principal Securities Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $9,799,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in RDVY. Great Valley Advisor Group Inc. boosted its position in shares of First Trust Rising Dividend Achievers ETF by 32.4% during the 4th quarter. Great Valley Advisor Group Inc. now owns 89,550 shares of the company’s stock valued at $6,221,000 after acquiring an additional 21,913 shares in the last quarter. Kovack Advisors Inc. boosted its position in shares of First Trust Rising Dividend Achievers ETF by 33.2% during the 4th quarter. Kovack Advisors Inc. now owns 150,525 shares of the company’s stock valued at $10,457,000 after acquiring an additional 37,526 shares in the last quarter. Premier Private Wealth Management LLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter valued at about $5,439,000. Gateway Wealth Partners LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF by 14.0% during the 4th quarter. Gateway Wealth Partners LLC now owns 129,947 shares of the company’s stock valued at $9,027,000 after acquiring an additional 15,926 shares in the last quarter. Finally, Gilpin Wealth Management LLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter valued at about $257,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of First Trust Rising Dividend Achievers ETF stock opened at $77.72 on Friday. The firm’s 50-day simple moving average is $74.12 and its 200-day simple moving average is $71.87. First Trust Rising Dividend Achievers ETF has a twelve month low of $60.30 and a twelve month high of $78.00. The firm has a market cap of $22.83 billion, a P/E ratio of 15.46 and a beta of 1.01.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.1813 per share. This represents a $0.73 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, March 26th.

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.