Orion Porfolio Solutions LLC Increases Position in First Trust Rising Dividend Achievers ETF $RDVY

Orion Porfolio Solutions LLC increased its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 26.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 130,169 shares of the company’s stock after purchasing an additional 26,936 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $8,755,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. First Horizon Corp purchased a new stake in First Trust Rising Dividend Achievers ETF during the 3rd quarter worth approximately $25,000. Cullen Frost Bankers Inc. purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the third quarter valued at approximately $28,000. Mather Group LLC. purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the third quarter valued at approximately $31,000. Collier Financial acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the third quarter worth approximately $41,000. Finally, Center for Financial Planning Inc. acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the third quarter worth approximately $42,000.

First Trust Rising Dividend Achievers ETF Stock Down 2.1%

Shares of NASDAQ RDVY opened at $69.55 on Friday. The firm has a 50-day simple moving average of $71.97 and a 200-day simple moving average of $68.95. The stock has a market capitalization of $19.62 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a 52 week low of $50.27 and a 52 week high of $73.54.

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 issued a $0.1996 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date 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.