Kingswood Wealth Advisors LLC Acquires 7,384 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Kingswood Wealth Advisors LLC grew its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 12.8% in the 3rd quarter, Holdings Channel reports. The fund owned 64,890 shares of the company’s stock after purchasing an additional 7,384 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,364,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Benjamin Edwards Inc. grew its position in shares of First Trust Rising Dividend Achievers ETF by 9.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 402,698 shares of the company’s stock valued at $27,092,000 after purchasing an additional 35,646 shares during the period. Howard Financial Services LTD. lifted its stake in First Trust Rising Dividend Achievers ETF by 7.9% in the third quarter. Howard Financial Services LTD. now owns 228,966 shares of the company’s stock valued at $15,400,000 after buying an additional 16,742 shares in the last quarter. Spire Wealth Management boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.7% in the third quarter. Spire Wealth Management now owns 91,744 shares of the company’s stock valued at $6,171,000 after buying an additional 4,120 shares during the period. Realta Investment Advisors boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.1% in the third quarter. Realta Investment Advisors now owns 6,021 shares of the company’s stock valued at $405,000 after buying an additional 238 shares during the period. Finally, CX Institutional increased its position in shares of First Trust Rising Dividend Achievers ETF by 175.1% during the third quarter. CX Institutional now owns 817 shares of the company’s stock worth $55,000 after acquiring an additional 520 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Trading Down 1.0%

RDVY opened at $71.64 on Thursday. The stock has a market capitalization of $19.67 billion, a P/E 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 $72.45. The firm’s fifty day simple moving average is $68.72 and its 200 day simple moving average is $66.40.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.1996 dividend. This represents a $0.80 dividend on an annualized basis and a dividend 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 was Friday, December 12th.

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.