Sigma Planning Corp Buys 7,974 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Sigma Planning Corp boosted its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 259,052 shares of the company’s stock after purchasing an additional 7,974 shares during the period. First Trust Rising Dividend Achievers ETF comprises approximately 0.5% of Sigma Planning Corp’s portfolio, making the stock its 27th biggest holding. Sigma Planning Corp owned 0.09% of First Trust Rising Dividend Achievers ETF worth $17,688,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RDVY. LPL Financial LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 10.5% during the 4th quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock valued at $2,119,121,000 after buying an additional 2,907,770 shares during the last quarter. Morgan Stanley increased its holdings in First Trust Rising Dividend Achievers ETF by 4.9% in the 4th quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock worth $1,400,025,000 after acquiring an additional 940,590 shares during the last quarter. Raymond James Financial Inc. increased its holdings in First Trust Rising Dividend Achievers ETF by 2.2% in the 4th quarter. Raymond James Financial Inc. now owns 11,285,710 shares of the company’s stock worth $784,018,000 after acquiring an additional 243,585 shares during the last quarter. Wells Fargo & Company MN raised its stake in First Trust Rising Dividend Achievers ETF by 10.6% in the 4th quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock valued at $783,359,000 after acquiring an additional 1,076,558 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in First Trust Rising Dividend Achievers ETF by 15.7% during the second quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock valued at $442,526,000 after purchasing an additional 957,587 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Up 0.5%

NASDAQ RDVY opened at $80.17 on Wednesday. The company has a market cap of $24.33 billion, a PE ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 52 week low of $61.84 and a 52 week high of $81.36. The firm’s 50-day simple moving average is $77.23 and its two-hundred day simple moving average is $73.56.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors 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.