Kingswood Wealth Advisors LLC Increases Position in First Trust Rising Dividend Achievers ETF $RDVY

Kingswood Wealth Advisors LLC grew its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 18.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 76,600 shares of the company’s stock after acquiring an additional 11,710 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $5,321,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Horizon Corp purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the third quarter valued at about $25,000. Trust Co. of Vermont purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter valued at about $27,000. Cullen Frost Bankers Inc. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the third quarter valued at about $28,000. Mather Group LLC. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the third quarter valued at about $31,000. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the third quarter valued at about $38,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:RDVY opened at $74.52 on Wednesday. The company has a 50-day simple moving average of $70.86 and a 200-day simple moving average of $69.87. First Trust Rising Dividend Achievers ETF has a one year low of $54.08 and a one year high of $75.26. The stock has a market capitalization of $21.74 billion, a price-to-earnings ratio of 15.46 and a beta of 1.03.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.1813 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, March 26th.

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.