First Trust Rising Dividend Achievers ETF $RDVY Shares Bought by Howard Financial Services LTD.

Howard Financial Services LTD. boosted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 212,224 shares of the company’s stock after acquiring an additional 7,370 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises 1.8% of Howard Financial Services LTD.’s investment portfolio, making the stock its 18th biggest holding. Howard Financial Services LTD. owned 0.09% of First Trust Rising Dividend Achievers ETF worth $13,315,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in RDVY. Triumph Capital Management lifted its position in First Trust Rising Dividend Achievers ETF by 7.6% during the 4th quarter. Triumph Capital Management now owns 116,915 shares of the company’s stock worth $6,914,000 after acquiring an additional 8,263 shares during the period. Jane Street Group LLC acquired a new stake in First Trust Rising Dividend Achievers ETF during the 4th quarter worth approximately $935,000. Citadel Advisors LLC lifted its position in First Trust Rising Dividend Achievers ETF by 38.8% during the 4th quarter. Citadel Advisors LLC now owns 52,401 shares of the company’s stock worth $3,099,000 after acquiring an additional 14,648 shares during the period. Captrust Financial Advisors lifted its position in First Trust Rising Dividend Achievers ETF by 22.0% during the 4th quarter. Captrust Financial Advisors now owns 5,097 shares of the company’s stock worth $301,000 after acquiring an additional 919 shares during the period. Finally, Focus Partners Wealth lifted its position in First Trust Rising Dividend Achievers ETF by 6.0% during the 4th quarter. Focus Partners Wealth now owns 45,607 shares of the company’s stock worth $2,768,000 after acquiring an additional 2,596 shares during the period.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY opened at $66.32 on Friday. The business has a 50 day simple moving average of $64.49 and a 200-day simple moving average of $60.88. The stock has a market capitalization of $16.18 billion, a P/E ratio of 15.46 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a 12 month low of $50.27 and a 12 month high of $66.76.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were issued a $0.1706 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, June 26th.

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.