First Trust Rising Dividend Achievers ETF $RDVY Shares Acquired by AJ Advisors LLC

AJ Advisors LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 189,049 shares of the company’s stock after purchasing an additional 8,339 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for 4.7% of AJ Advisors LLC’s holdings, making the stock its 8th largest position. AJ Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $14,801,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of RDVY. Northwestern Mutual Wealth Management Co. grew 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 valued at $283,113,000 after acquiring an additional 379,961 shares in the last quarter. Royal Bank of Canada increased its holdings in First Trust Rising Dividend Achievers ETF by 6.5% in the 1st quarter. Royal Bank of Canada now owns 5,030,578 shares of the company’s stock valued at $343,487,000 after acquiring an additional 307,823 shares during the last quarter. Cetera Investment Advisers lifted its stake in 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 worth $276,134,000 after purchasing an additional 299,620 shares in the last quarter. Independent Financial Group LLC purchased a new stake in First Trust Rising Dividend Achievers ETF in the 1st quarter worth $18,560,000. Finally, Sentinel Advisory Group LLC purchased a new stake in First Trust Rising Dividend Achievers ETF in the 1st quarter worth $18,176,000.

First Trust Rising Dividend Achievers ETF Stock Down 1.0%

RDVY opened at $79.17 on Friday. The firm has a 50-day simple moving average of $80.00 and a two-hundred day simple moving average of $76.40. First Trust Rising Dividend Achievers ETF has a 52 week low of $64.99 and a 52 week high of $84.02. The company has a market capitalization of $25.37 billion, a PE ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.