First Trust Rising Dividend Achievers ETF $RDVY Stock Bought by RVW Wealth LLC

RVW Wealth LLC boosted its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 1.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 596,440 shares of the company’s stock after acquiring an additional 9,534 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for 3.0% of RVW Wealth LLC’s investment portfolio, making the stock its 9th biggest position. RVW Wealth LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $46,695,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. acquired a new stake in First Trust Rising Dividend Achievers ETF during the first quarter worth about $29,000. Anchor Investment Management LLC acquired a new stake in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at $34,000. University of Texas Texas AM Investment Management Co. purchased a new position in First Trust Rising Dividend Achievers ETF in the fourth quarter valued at about $37,000. Investment Counsel Co. of Nevada purchased a new position in First Trust Rising Dividend Achievers ETF in the fourth quarter valued at about $40,000. Finally, Rosenberg Matthew Hamilton acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the third quarter worth about $43,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY stock traded down $0.10 during trading hours on Tuesday, reaching $79.46. The company had a trading volume of 1,143,389 shares, compared to its average volume of 1,289,716. First Trust Rising Dividend Achievers ETF has a twelve month low of $64.97 and a twelve month high of $84.02. The company has a market capitalization of $25.29 billion, a P/E ratio of 15.46 and a beta of 1.00. The stock’s fifty day simple moving average is $81.17 and its 200 day simple moving average is $77.46.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.1521 dividend. The ex-dividend date was Thursday, September 24th. This represents a $0.61 dividend on an annualized basis and a yield of 0.8%. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474.

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.