Kingsview Wealth Management LLC Buys 105,911 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Kingsview Wealth Management LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 81.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 235,918 shares of the company’s stock after acquiring an additional 105,911 shares during the period. Kingsview Wealth Management LLC owned 0.08% of First Trust Rising Dividend Achievers ETF worth $16,389,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Quad Cities Investment Group LLC increased its stake in First Trust Rising Dividend Achievers ETF by 0.7% during the 4th quarter. Quad Cities Investment Group LLC now owns 21,219 shares of the company’s stock worth $1,474,000 after acquiring an additional 157 shares during the period. Allworth Financial LP increased its stake in First Trust Rising Dividend Achievers ETF by 0.3% during the 3rd quarter. Allworth Financial LP now owns 59,767 shares of the company’s stock worth $4,020,000 after acquiring an additional 159 shares during the period. Howard Bailey Securities LLC increased its stake in First Trust Rising Dividend Achievers ETF by 4.6% during the 3rd quarter. Howard Bailey Securities LLC now owns 3,673 shares of the company’s stock worth $247,000 after acquiring an additional 160 shares during the period. Insigneo Advisory Services LLC increased its stake in First Trust Rising Dividend Achievers ETF by 0.8% during the 3rd quarter. Insigneo Advisory Services LLC now owns 19,956 shares of the company’s stock worth $1,342,000 after acquiring an additional 163 shares during the period. Finally, Proactive Wealth Strategies LLC increased its stake in First Trust Rising Dividend Achievers ETF by 0.3% during the 3rd quarter. Proactive Wealth Strategies LLC now owns 64,148 shares of the company’s stock worth $4,315,000 after acquiring an additional 174 shares during the period.

First Trust Rising Dividend Achievers ETF Price Performance

First Trust Rising Dividend Achievers ETF stock opened at $75.69 on Thursday. The stock’s fifty day moving average price is $72.44 and its two-hundred day moving average price is $71.15. First Trust Rising Dividend Achievers ETF has a one year low of $59.67 and a one year high of $76.57. The firm has a market cap of $22.23 billion, a PE ratio of 15.46 and a beta of 1.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.