First Trust Rising Dividend Achievers ETF $RDVY Shares Acquired by PFG Advisors

PFG Advisors increased its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 207,596 shares of the company’s stock after buying an additional 7,929 shares during the quarter. PFG Advisors’ holdings in First Trust Rising Dividend Achievers ETF were worth $13,963,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Confluence Wealth Services Inc. boosted its stake in First Trust Rising Dividend Achievers ETF by 1.2% during the 3rd quarter. Confluence Wealth Services Inc. now owns 12,638 shares of the company’s stock valued at $850,000 after purchasing an additional 153 shares in the last quarter. Howard Bailey Securities LLC raised its stake 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 worth $247,000 after buying an additional 160 shares in the last quarter. Insigneo Advisory Services LLC raised its stake 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 worth $1,342,000 after buying an additional 163 shares in the last quarter. Proactive Wealth Strategies LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 0.3% in the third 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 period. Finally, HBK Sorce Advisory LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 1.4% in the third 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 period.

First Trust Rising Dividend Achievers ETF Stock Down 2.1%

Shares of RDVY stock opened at $69.55 on Monday. The stock has a 50-day simple moving average of $71.97 and a 200 day simple moving average of $69.00. The stock has a market capitalization of $19.62 billion, a P/E ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $73.54.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.1996 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. 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.

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.