First Trust Rising Dividend Achievers ETF $RDVY Stock Acquired by James T. Borello RIA

James T. Borello RIA boosted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 24.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 138,256 shares of the company’s stock after buying an additional 27,202 shares during the period. First Trust Rising Dividend Achievers ETF makes up approximately 2.2% of James T. Borello RIA’s holdings, making the stock its 15th biggest holding. James T. Borello RIA’s holdings in First Trust Rising Dividend Achievers ETF were worth $10,824,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cyndeo Wealth Partners LLC lifted its stake in First Trust Rising Dividend Achievers ETF by 78.2% in the third quarter. Cyndeo Wealth Partners LLC now owns 15,195 shares of the company’s stock valued at $1,190,000 after buying an additional 6,670 shares in the last quarter. Ellsworth Advisors LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 3.0% in the third quarter. Ellsworth Advisors LLC now owns 27,142 shares of the company’s stock valued at $2,125,000 after buying an additional 789 shares during the period. Iams Wealth Management LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 10.5% in the third quarter. Iams Wealth Management LLC now owns 96,649 shares of the company’s stock valued at $7,567,000 after buying an additional 9,164 shares during the period. AdvisorNet Financial Inc increased its position in shares of First Trust Rising Dividend Achievers ETF by 1.2% during the third quarter. AdvisorNet Financial Inc now owns 30,140 shares of the company’s stock worth $2,379,000 after acquiring an additional 362 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC increased its position in shares of First Trust Rising Dividend Achievers ETF by 32.8% during the third quarter. Summit Financial Wealth Advisors LLC now owns 11,121 shares of the company’s stock worth $871,000 after acquiring an additional 2,747 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Trading Down 0.5%

Shares of RDVY stock traded down $0.36 during trading hours on Friday, hitting $79.37. 1,131,228 shares of the company were exchanged, compared to its average volume of 1,282,374. First Trust Rising Dividend Achievers ETF has a 52 week low of $64.99 and a 52 week high of $84.02. The business has a 50 day moving average of $80.71 and a two-hundred day moving average of $78.09. The company has a market capitalization of $25.41 billion, a PE ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.