Krilogy Financial LLC Invests $1.04 Million in First Trust Rising Dividend Achievers ETF $RDVY

Krilogy Financial LLC purchased a new stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,434 shares of the company’s stock, valued at approximately $1,043,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. AQR Capital Management LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF by 70.2% during the first quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock worth $1,819,000 after buying an additional 12,820 shares during the last quarter. Private Wealth Asset Management LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 201.1% during the 2nd quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock valued at $33,000 after acquiring an additional 352 shares in the last quarter. Mutual Advisors LLC grew its position in First Trust Rising Dividend Achievers ETF by 13.0% during the 2nd quarter. Mutual Advisors LLC now owns 62,720 shares of the company’s stock worth $4,034,000 after acquiring an additional 7,239 shares during the last quarter. Nestegg Advisors Inc. increased its holdings in First Trust Rising Dividend Achievers ETF by 4.3% in the 2nd quarter. Nestegg Advisors Inc. now owns 101,806 shares of the company’s stock worth $6,387,000 after purchasing an additional 4,205 shares in the last quarter. Finally, WealthPLAN Partners LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 42.7% in the 2nd quarter. WealthPLAN Partners LLC now owns 6,696 shares of the company’s stock worth $420,000 after purchasing an additional 2,003 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Trading Down 1.8%

Shares of RDVY stock opened at $71.34 on Friday. The firm has a market capitalization of $20.13 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. The business’s 50-day moving average price is $71.32 and its 200-day moving average price is $68.06. First Trust Rising Dividend Achievers ETF has a 12 month low of $50.27 and a 12 month high of $73.43.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a dividend of $0.1996 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, December 12th. 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 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.