Redhawk Wealth Advisors Inc. Has $21.58 Million Stake in First Trust Rising Dividend Achievers ETF $RDVY

Redhawk Wealth Advisors Inc. raised its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 89.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 266,232 shares of the company’s stock after buying an additional 125,867 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises about 2.1% of Redhawk Wealth Advisors Inc.’s investment portfolio, making the stock its 7th largest holding. Redhawk Wealth Advisors Inc. owned approximately 0.09% of First Trust Rising Dividend Achievers ETF worth $21,581,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. O Connor Financial Group LLC acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth $10,958,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter worth $628,000. J.W. Cole Advisors Inc. grew its stake in First Trust Rising Dividend Achievers ETF by 16.0% during the 4th quarter. J.W. Cole Advisors Inc. now owns 105,998 shares of the company’s stock worth $7,334,000 after buying an additional 14,615 shares during the last quarter. Koshinski Asset Management Inc. grew its stake in First Trust Rising Dividend Achievers ETF by 3.1% during the 4th quarter. Koshinski Asset Management Inc. now owns 568,144 shares of the company’s stock worth $39,469,000 after buying an additional 17,317 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID grew its stake in First Trust Rising Dividend Achievers ETF by 58.2% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 40,654 shares of the company’s stock worth $2,824,000 after buying an additional 14,950 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ:RDVY opened at $83.13 on Tuesday. The business’s 50-day moving average is $79.67 and its 200 day moving average is $74.86. First Trust Rising Dividend Achievers ETF has a 1 year low of $63.85 and a 1 year high of $83.99. The firm has a market capitalization of $25.50 billion, a P/E ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.1474 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.59 annualized dividend and a dividend yield of 0.7%.

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.