First Trust Rising Dividend Achievers ETF $RDVY Shares Purchased by Compass Financial Services Inc

Compass Financial Services Inc raised its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 44,805.2% during the first quarter, HoldingsChannel reports. The firm owned 130,674 shares of the company’s stock after buying an additional 130,383 shares during the period. First Trust Rising Dividend Achievers ETF comprises about 3.9% of Compass Financial Services Inc’s investment portfolio, making the stock its 9th biggest holding. Compass Financial Services Inc’s holdings in First Trust Rising Dividend Achievers ETF were worth $8,922,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Financial Perspectives Inc purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter valued at approximately $26,000. Huntington National Bank increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% in the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock valued at $26,000 after purchasing an additional 370 shares during the period. Trust Co. of Vermont purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth approximately $27,000. United Community Bank purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth approximately $28,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth approximately $36,000.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY traded up $0.45 during trading on Friday, hitting $80.30. The stock had a trading volume of 821,550 shares, compared to its average volume of 1,403,206. The firm has a market capitalization of $24.36 billion, a P/E ratio of 15.46 and a beta of 1.00. The company’s 50-day moving average price is $77.01 and its 200 day moving average price is $73.41. First Trust Rising Dividend Achievers ETF has a twelve month low of $61.84 and a twelve month high of $81.36.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.1474 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Thursday, June 25th.

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.