HBW Advisory Services LLC Grows Stake in First Trust Rising Dividend Achievers ETF $RDVY

HBW Advisory Services LLC increased its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 38.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 156,957 shares of the company’s stock after acquiring an additional 43,279 shares during the period. First Trust Rising Dividend Achievers ETF comprises about 1.2% of HBW Advisory Services LLC’s investment portfolio, making the stock its 15th biggest holding. HBW Advisory Services LLC owned 0.06% of First Trust Rising Dividend Achievers ETF worth $10,557,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Ellsworth Advisors LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 5.3% during the 3rd quarter. Ellsworth Advisors LLC now owns 24,488 shares of the company’s stock worth $1,630,000 after acquiring an additional 1,233 shares during the last quarter. Whitaker Myers Wealth Managers LTD. raised its holdings in First Trust Rising Dividend Achievers ETF by 5.8% in the 3rd quarter. Whitaker Myers Wealth Managers LTD. now owns 29,426 shares of the company’s stock worth $1,979,000 after purchasing an additional 1,625 shares during the period. TrueWealth Advisors LLC lifted its position in First Trust Rising Dividend Achievers ETF by 1.8% during the third quarter. TrueWealth Advisors LLC now owns 39,460 shares of the company’s stock valued at $2,654,000 after purchasing an additional 692 shares in the last quarter. Independent Wealth Network Inc. lifted its position in First Trust Rising Dividend Achievers ETF by 13.8% during the third quarter. Independent Wealth Network Inc. now owns 7,334 shares of the company’s stock valued at $493,000 after purchasing an additional 888 shares in the last quarter. Finally, Cadent Capital Advisors LLC bought a new stake in First Trust Rising Dividend Achievers ETF during the third quarter valued at about $1,028,000.

First Trust Rising Dividend Achievers ETF Stock Down 0.0%

Shares of RDVY opened at $70.71 on Friday. The business has a 50-day simple moving average of $68.23 and a two-hundred day simple moving average of $65.83. 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 cap of $18.48 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be issued a $0.1996 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.80 annualized dividend 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.

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.