Stonebridge Financial Planning Group LLC Acquires 7,627 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Stonebridge Financial Planning Group LLC grew its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 36.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,296 shares of the company’s stock after purchasing an additional 7,627 shares during the period. Stonebridge Financial Planning Group LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,775,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. WealthCare Investment Partners LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 0.3% during the 2nd quarter. WealthCare Investment Partners LLC now owns 59,562 shares of the company’s stock valued at $3,799,000 after purchasing an additional 161 shares in the last quarter. Raleigh Capital Management Inc. grew its position in shares of First Trust Rising Dividend Achievers ETF by 34.2% during the 2nd quarter. Raleigh Capital Management Inc. now owns 648 shares of the company’s stock valued at $41,000 after purchasing an additional 165 shares in the last quarter. Moors & Cabot Inc. grew its position in shares of First Trust Rising Dividend Achievers ETF by 2.4% during the 2nd quarter. Moors & Cabot Inc. now owns 8,218 shares of the company’s stock valued at $516,000 after purchasing an additional 194 shares in the last quarter. Barrett & Company Inc. grew its position in First Trust Rising Dividend Achievers ETF by 0.7% in the second quarter. Barrett & Company Inc. now owns 31,120 shares of the company’s stock worth $1,952,000 after acquiring an additional 206 shares in the last quarter. Finally, Purus Wealth Management LLC grew its position in First Trust Rising Dividend Achievers ETF by 0.4% in the first quarter. Purus Wealth Management LLC now owns 50,320 shares of the company’s stock worth $2,946,000 after acquiring an additional 207 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:RDVY opened at $66.98 on Wednesday. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $68.49. The firm has a fifty day moving average of $66.72 and a 200 day moving average of $63.43. The firm has a market capitalization of $17.48 billion, a PE ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were given a dividend of $0.1487 per share. This represents a $0.59 annualized dividend and a yield of 0.9%. The ex-dividend date was Thursday, September 25th.

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.