First Trust Rising Dividend Achievers ETF $RDVY Shares Acquired by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. boosted its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 568,144 shares of the company’s stock after acquiring an additional 17,317 shares during the period. First Trust Rising Dividend Achievers ETF accounts for about 2.5% of Koshinski Asset Management Inc.’s investment portfolio, making the stock its 4th largest position. Koshinski Asset Management Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $39,469,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. raised its position in First Trust Rising Dividend Achievers ETF by 1.8% during the second quarter. Raymond James Financial Inc. now owns 11,201,473 shares of the company’s stock worth $702,780,000 after acquiring an additional 198,938 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of First Trust Rising Dividend Achievers ETF by 10.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,790,897 shares of the company’s stock worth $523,914,000 after purchasing an additional 716,800 shares in the last quarter. Bank of America Corp DE increased its stake in shares of First Trust Rising Dividend Achievers ETF by 7.0% during the 3rd quarter. Bank of America Corp DE now owns 6,992,315 shares of the company’s stock worth $470,303,000 after purchasing an additional 455,258 shares in the last quarter. UBS Group AG raised its position in shares of First Trust Rising Dividend Achievers ETF by 4.4% during the 4th quarter. UBS Group AG now owns 5,994,505 shares of the company’s stock worth $416,438,000 after purchasing an additional 254,241 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of First Trust Rising Dividend Achievers ETF by 13.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock worth $329,979,000 after purchasing an additional 577,318 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:RDVY opened at $74.36 on Friday. The business’s fifty day moving average price is $71.35 and its two-hundred day moving average price is $70.45. The stock has a market cap of $21.84 billion, a PE ratio of 15.46 and a beta of 1.02. First Trust Rising Dividend Achievers ETF has a one year low of $58.58 and a one year high of $75.75.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.