IFP Advisors Inc Acquires 31,426 Shares of First Trust Rising Dividend Achievers ETF $RDVY

IFP Advisors Inc raised its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 34.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 123,531 shares of the company’s stock after purchasing an additional 31,426 shares during the quarter. IFP Advisors Inc’s holdings in First Trust Rising Dividend Achievers ETF were worth $8,582,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its stake in First Trust Rising Dividend Achievers ETF by 15.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock valued at $442,526,000 after acquiring an additional 957,587 shares during the period. JPMorgan Chase & Co. lifted its stake in First Trust Rising Dividend Achievers ETF by 74.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,707,049 shares of the company’s stock valued at $114,816,000 after acquiring an additional 725,742 shares during the period. UBS Group AG lifted its stake in First Trust Rising Dividend Achievers ETF by 12.2% during the 3rd quarter. UBS Group AG now owns 5,740,264 shares of the company’s stock valued at $386,090,000 after acquiring an additional 624,936 shares during the period. Envestnet Asset Management Inc. lifted its stake in 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 valued at $329,979,000 after acquiring an additional 577,318 shares during the period. Finally, Prudential PLC bought a new position in First Trust Rising Dividend Achievers ETF during the 3rd quarter valued at about $32,762,000.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY opened at $73.26 on Wednesday. The stock has a market capitalization of $21.52 billion, a P/E ratio of 15.46 and a beta of 1.02. The company’s 50-day simple moving average is $71.71 and its two-hundred day simple moving average is $70.81. First Trust Rising Dividend Achievers ETF has a 52-week low of $59.01 and a 52-week high of $75.75.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.