Retirement Planning Group LLC Takes Position in First Trust Rising Dividend Achievers ETF $RDVY

Retirement Planning Group LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 8,122 shares of the company’s stock, valued at approximately $546,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Raleigh Capital Management Inc. lifted its position in First Trust Rising Dividend Achievers ETF by 34.2% during the second quarter. Raleigh Capital Management Inc. now owns 648 shares of the company’s stock worth $41,000 after acquiring an additional 165 shares during the last quarter. Centerpoint Advisory Group increased its stake in shares of First Trust Rising Dividend Achievers ETF by 0.5% during the second quarter. Centerpoint Advisory Group now owns 33,586 shares of the company’s stock worth $2,107,000 after purchasing an additional 172 shares during the period. HBK Sorce Advisory LLC lifted its holdings in First Trust Rising Dividend Achievers ETF by 1.4% during the 3rd quarter. HBK Sorce Advisory LLC now owns 12,857 shares of the company’s stock worth $865,000 after purchasing an additional 183 shares during the last quarter. Moors & Cabot Inc. boosted its stake in First Trust Rising Dividend Achievers ETF by 2.4% in the 2nd quarter. Moors & Cabot Inc. now owns 8,218 shares of the company’s stock valued at $516,000 after purchasing an additional 194 shares during the period. Finally, Barrett & Company Inc. grew its holdings in First Trust Rising Dividend Achievers ETF by 0.7% in the 2nd quarter. Barrett & Company Inc. now owns 31,120 shares of the company’s stock valued at $1,952,000 after buying an additional 206 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY stock opened at $71.99 on Thursday. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $72.89. The stock has a market capitalization of $19.96 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. The business’s fifty day moving average price is $69.21 and its two-hundred day moving average price is $66.76.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.1996 dividend. 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. This represents a $0.80 annualized dividend and a yield of 1.1%.

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.