First Trust Rising Dividend Achievers ETF $RDVY Position Boosted by Synovus Financial Corp

Synovus Financial Corp lifted its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 80.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 25,585 shares of the company’s stock after acquiring an additional 11,412 shares during the quarter. Synovus Financial Corp’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,722,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Ashton Thomas Private Wealth LLC lifted its position in First Trust Rising Dividend Achievers ETF by 27.6% in the third quarter. Ashton Thomas Private Wealth LLC now owns 34,134 shares of the company’s stock worth $2,296,000 after purchasing an additional 7,379 shares during the period. Atria Investments Inc increased its holdings in First Trust Rising Dividend Achievers ETF by 7.1% in the 3rd quarter. Atria Investments Inc now owns 193,425 shares of the company’s stock valued at $13,010,000 after buying an additional 12,843 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 15.9% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 80,000 shares of the company’s stock worth $5,381,000 after acquiring an additional 11,000 shares during the period. BankPlus Wealth Management LLC increased its stake in First Trust Rising Dividend Achievers ETF by 35.6% in the third quarter. BankPlus Wealth Management LLC now owns 37,597 shares of the company’s stock valued at $2,529,000 after acquiring an additional 9,866 shares during the period. Finally, Forefront Wealth Partners LLC acquired a new position in First Trust Rising Dividend Achievers ETF in the third quarter worth about $2,859,000.

First Trust Rising Dividend Achievers ETF Stock Up 1.1%

Shares of RDVY opened at $73.12 on Friday. The company has a 50-day moving average price of $71.64 and a two-hundred day moving average price of $68.46. The stock has a market cap of $20.63 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a 12 month low of $50.27 and a 12 month high of $73.43.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

First Trust Rising Dividend Achievers ETF 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.