Per Stirling Capital Management LLC. Boosts Position in First Trust Rising Dividend Achievers ETF $RDVY

Per Stirling Capital Management LLC. boosted its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 46.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 213,917 shares of the company’s stock after purchasing an additional 68,189 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises approximately 1.7% of Per Stirling Capital Management LLC.’s portfolio, making the stock its 14th biggest position. Per Stirling Capital Management LLC. owned approximately 0.08% of First Trust Rising Dividend Achievers ETF worth $14,388,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Confluence Wealth Services Inc. raised its holdings in First Trust Rising Dividend Achievers ETF by 1.2% during the third quarter. Confluence Wealth Services Inc. now owns 12,638 shares of the company’s stock worth $850,000 after purchasing an additional 153 shares in the last quarter. Howard Bailey Securities LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.6% in the 3rd quarter. Howard Bailey Securities LLC now owns 3,673 shares of the company’s stock valued at $247,000 after buying an additional 160 shares in the last quarter. Insigneo Advisory Services LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 0.8% in the 3rd quarter. Insigneo Advisory Services LLC now owns 19,956 shares of the company’s stock valued at $1,342,000 after buying an additional 163 shares in the last quarter. Proactive Wealth Strategies LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 0.3% in the 3rd quarter. Proactive Wealth Strategies LLC now owns 64,148 shares of the company’s stock valued at $4,315,000 after buying an additional 174 shares during the last quarter. Finally, HBK Sorce Advisory LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 1.4% in the 3rd quarter. HBK Sorce Advisory LLC now owns 12,857 shares of the company’s stock valued at $865,000 after buying an additional 183 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ:RDVY opened at $69.55 on Friday. First Trust Rising Dividend Achievers ETF has a 12 month low of $50.27 and a 12 month high of $73.54. The firm has a market capitalization of $19.62 billion, a P/E ratio of 15.46 and a beta of 1.10. The company’s fifty day moving average price is $71.97 and its 200 day moving average price is $68.95.

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 issued a dividend of $0.1996 per share. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. 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.