Trivium Point Advisory LLC Purchases 53,297 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Trivium Point Advisory LLC raised its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 131.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,894 shares of the company’s stock after buying an additional 53,297 shares during the period. Trivium Point Advisory LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $6,315,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 15.7% during the second quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock worth $442,526,000 after purchasing an additional 957,587 shares during the period. JPMorgan Chase & Co. raised its position in First Trust Rising Dividend Achievers ETF by 74.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,707,049 shares of the company’s stock valued at $114,816,000 after purchasing an additional 725,742 shares during the last quarter. Envestnet Asset Management Inc. raised its position in First Trust Rising Dividend Achievers ETF by 13.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock valued at $329,979,000 after purchasing an additional 577,318 shares during the last quarter. Bank of America Corp DE lifted its holdings in First Trust Rising Dividend Achievers ETF by 4.1% in the 2nd quarter. Bank of America Corp DE now owns 6,537,057 shares of the company’s stock worth $410,135,000 after buying an additional 258,172 shares during the period. Finally, Jones Financial Companies Lllp grew its position in shares of First Trust Rising Dividend Achievers ETF by 27.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,153,826 shares of the company’s stock worth $77,572,000 after buying an additional 248,261 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY opened at $72.29 on Friday. The stock has a market capitalization of $20.40 billion, a PE ratio of 15.46 and a beta of 1.10. The stock’s 50 day moving average price is $71.92 and its 200-day moving average price is $68.73. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $73.54.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued 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 dividend on an annualized basis and a dividend yield of 1.1%.

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.