First Trust Rising Dividend Achievers ETF $RDVY Shares Acquired by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC grew its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 9.9% during the third quarter, HoldingsChannel reports. The fund owned 114,021 shares of the company’s stock after purchasing an additional 10,255 shares during the period. First Trust Rising Dividend Achievers ETF accounts for about 1.0% of Gateway Wealth Partners LLC’s investment portfolio, making the stock its 20th biggest holding. Gateway Wealth Partners LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $7,669,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. raised its holdings in First Trust Rising Dividend Achievers ETF by 1.8% during the second quarter. Raymond James Financial Inc. now owns 11,201,473 shares of the company’s stock worth $702,780,000 after purchasing an additional 198,938 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of First Trust Rising Dividend Achievers ETF by 15.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock valued at $442,526,000 after buying an additional 957,587 shares during the last quarter. Bank of America Corp DE raised its stake in First Trust Rising Dividend Achievers ETF by 4.1% during the 2nd quarter. Bank of America Corp DE now owns 6,537,057 shares of the company’s stock worth $410,135,000 after acquiring an additional 258,172 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in First Trust Rising Dividend Achievers ETF by 13.3% in the third quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock valued at $329,979,000 after acquiring an additional 577,318 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position in First Trust Rising Dividend Achievers ETF by 6.8% in the second quarter. Osaic Holdings Inc. now owns 3,240,145 shares of the company’s stock valued at $203,194,000 after acquiring an additional 205,514 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY stock opened at $73.06 on Friday. The stock’s 50-day moving average is $71.02 and its two-hundred day moving average is $67.86. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $73.43. The firm has a market cap of $20.61 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.