19,857 First Trust Rising Dividend Achievers ETF $RDVY Shares Bought by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC increased its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 73.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,954 shares of the company’s stock after acquiring an additional 19,857 shares during the period. Precedent Wealth Partners LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $3,676,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE raised its position in First Trust Rising Dividend Achievers ETF by 3.0% during the first quarter. Bank of America Corp DE now owns 7,444,315 shares of the company’s stock valued at $508,298,000 after purchasing an additional 219,060 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in First Trust Rising Dividend Achievers ETF by 1.6% during the second quarter. Envestnet Asset Management Inc. now owns 5,503,234 shares of the company’s stock worth $446,092,000 after purchasing an additional 86,684 shares during the last quarter. Royal Bank of Canada lifted its stake in First Trust Rising Dividend Achievers ETF by 6.5% during the first quarter. Royal Bank of Canada now owns 5,030,578 shares of the company’s stock worth $343,487,000 after purchasing an additional 307,823 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in First Trust Rising Dividend Achievers ETF by 12.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,492,637 shares of the company’s stock worth $283,113,000 after purchasing an additional 379,961 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 8.0% in the 1st quarter. Cetera Investment Advisers now owns 4,044,145 shares of the company’s stock valued at $276,134,000 after purchasing an additional 299,620 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY opened at $79.67 on Friday. First Trust Rising Dividend Achievers ETF has a 52-week low of $64.99 and a 52-week high of $84.02. The business’s fifty day moving average is $80.40 and its 200-day moving average is $78.48. The firm has a market cap of $25.57 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

About First Trust Rising Dividend Achievers ETF

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.