Smith Moore & CO. Purchases 77,339 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Smith Moore & CO. boosted its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 80.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 173,000 shares of the company’s stock after buying an additional 77,339 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up about 0.9% of Smith Moore & CO.’s holdings, making the stock its 22nd largest position. Smith Moore & CO. owned about 0.07% of First Trust Rising Dividend Achievers ETF worth $10,854,000 at the end of the most recent reporting period.

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

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ:RDVY opened at $68.33 on Monday. The business’s fifty day moving average is $67.09 and its 200 day moving average is $64.62. The firm has a market cap of $17.85 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $68.49.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.