Stewardship Concepts Financial Services LLC Invests $7.84 Million in First Trust Rising Dividend Achievers ETF $RDVY

Stewardship Concepts Financial Services LLC purchased a new position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 112,685 shares of the company’s stock, valued at approximately $7,844,000. First Trust Rising Dividend Achievers ETF makes up about 6.6% of Stewardship Concepts Financial Services LLC’s portfolio, making the stock its 4th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 70.2% in the 1st quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock valued at $1,819,000 after purchasing an additional 12,820 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 123.3% during the second quarter. EverSource Wealth Advisors LLC now owns 10,604 shares of the company’s stock worth $665,000 after buying an additional 5,856 shares in the last quarter. First Trust Advisors LP increased its stake in shares of First Trust Rising Dividend Achievers ETF by 104.0% in the second quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock worth $1,502,000 after buying an additional 12,204 shares during the last quarter. Brown Advisory Inc. raised its holdings in First Trust Rising Dividend Achievers ETF by 1.2% in the second quarter. Brown Advisory Inc. now owns 24,574 shares of the company’s stock valued at $1,542,000 after acquiring an additional 299 shares in the last quarter. Finally, Cresset Asset Management LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 2.5% in the second quarter. Cresset Asset Management LLC now owns 23,579 shares of the company’s stock valued at $1,479,000 after acquiring an additional 575 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ RDVY opened at $68.89 on Friday. First Trust Rising Dividend Achievers ETF has a 12 month low of $50.27 and a 12 month high of $73.54. The company has a market capitalization of $20.02 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. The company’s fifty day moving average price is $70.81 and its two-hundred day moving average price is $69.38.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.1813 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, March 26th.

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.