First Trust Rising Dividend Achievers ETF $RDVY Shares Acquired by Stegent Equity Advisors Inc.

Stegent Equity Advisors Inc. grew its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 16.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 56,832 shares of the company’s stock after acquiring an additional 7,894 shares during the period. First Trust Rising Dividend Achievers ETF comprises 3.1% of Stegent Equity Advisors Inc.’s investment portfolio, making the stock its 6th biggest holding. Stegent Equity Advisors Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $3,823,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in RDVY. First Horizon Corp purchased a new stake in First Trust Rising Dividend Achievers ETF in the third quarter valued at approximately $25,000. Farmers & Merchants Investments Inc. purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the second quarter worth $26,000. Mather Group LLC. acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the third quarter valued at $31,000. Private Wealth Asset Management LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF by 201.1% in the second quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock valued at $33,000 after buying an additional 352 shares in the last quarter. Finally, Quaker Wealth Management LLC raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 200.2% in the 2nd quarter. Quaker Wealth Management LLC now owns 568 shares of the company’s stock valued at $36,000 after buying an additional 1,135 shares during the period.

First Trust Rising Dividend Achievers ETF Trading Down 0.1%

RDVY opened at $72.61 on Friday. The stock’s 50-day moving average price is $69.44 and its 200 day moving average price is $66.90. First Trust Rising Dividend Achievers ETF has a 12-month low of $50.27 and a 12-month high of $73.11. The firm has a market cap of $20.21 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

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