AE Wealth Management LLC Has $6.28 Million Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

AE Wealth Management LLC grew its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 33.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 93,411 shares of the company’s stock after purchasing an additional 23,437 shares during the quarter. AE Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $6,283,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in RDVY. First Horizon Corp acquired a new position in First Trust Rising Dividend Achievers ETF in the third quarter valued at about $25,000. Cullen Frost Bankers Inc. bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the 3rd quarter valued at about $28,000. Mather Group LLC. bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the 3rd quarter valued at about $31,000. Private Wealth Asset Management LLC raised its position 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 valued at $33,000 after acquiring an additional 352 shares during the period. Finally, Quaker Wealth Management LLC boosted its stake in First Trust Rising Dividend Achievers ETF by 200.2% during the 2nd quarter. Quaker Wealth Management LLC now owns 568 shares of the company’s stock worth $36,000 after acquiring an additional 1,135 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:RDVY opened at $72.27 on Friday. The company has a 50 day moving average price of $70.57 and a two-hundred day moving average price of $67.50. The company has a market capitalization of $20.33 billion, a PE 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 $73.43.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.1996 dividend. The ex-dividend date was Friday, December 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15.

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.