VestGen Advisors LLC Grows Position in First Trust Rising Dividend Achievers ETF $RDVY

VestGen Advisors LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 372,731 shares of the company’s stock after purchasing an additional 1,003 shares during the period. First Trust Rising Dividend Achievers ETF accounts for 0.9% of VestGen Advisors LLC’s portfolio, making the stock its 18th largest position. VestGen Advisors LLC owned about 0.15% of First Trust Rising Dividend Achievers ETF worth $23,385,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Compass Financial Services Inc acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter worth $26,000. Farmers & Merchants Investments Inc. purchased a new stake in First Trust Rising Dividend Achievers ETF during the second quarter valued at about $26,000. SVB Wealth LLC acquired a new stake in First Trust Rising Dividend Achievers ETF during the first quarter worth about $29,000. Rise Advisors LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter worth about $31,000. Finally, Private Wealth Asset Management LLC raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 201.1% in the 2nd quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock worth $33,000 after purchasing an additional 352 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:RDVY opened at $68.33 on Friday. The stock has a 50-day simple moving average of $67.09 and a 200-day simple moving average of $64.59. The stock has a market capitalization of $17.85 billion, a P/E ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $68.49.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were paid 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.