First Trust Rising Dividend Achievers ETF $RDVY Holdings Raised by IMG Wealth Management Inc.

IMG Wealth Management Inc. boosted its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 18.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,910 shares of the company’s stock after buying an additional 11,570 shares during the period. First Trust Rising Dividend Achievers ETF accounts for 3.4% of IMG Wealth Management Inc.’s portfolio, making the stock its 11th biggest holding. IMG Wealth Management Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,971,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. First Horizon Corp acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the 3rd quarter worth approximately $25,000. Cullen Frost Bankers Inc. acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the third quarter valued at approximately $28,000. Mather Group LLC. bought a new stake in First Trust Rising Dividend Achievers ETF during the third quarter worth approximately $31,000. Private Wealth Asset Management LLC lifted its position in 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 worth $33,000 after purchasing an additional 352 shares during the period. Finally, Quaker Wealth Management LLC lifted its position in First Trust Rising Dividend Achievers ETF by 200.2% in the second quarter. Quaker Wealth Management LLC now owns 568 shares of the company’s stock worth $36,000 after purchasing an additional 1,135 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY stock opened at $71.85 on Thursday. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $73.43. The business’s fifty day moving average is $70.86 and its 200-day moving average is $67.74. The stock has a market cap of $20.21 billion, a PE 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 was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a dividend of $0.1996 per share. The ex-dividend date of this dividend was Friday, December 12th. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis 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.