First Trust Rising Dividend Achievers ETF $RDVY Holdings Raised by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC lifted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 19.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,343 shares of the company’s stock after purchasing an additional 7,565 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $3,289,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of RDVY. Financial Perspectives Inc bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter valued at about $26,000. Trust Co. of Vermont bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter valued at about $27,000. Cullen Frost Bankers Inc. bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the third quarter valued at about $28,000. United Community Bank bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter valued at about $28,000. Finally, Pin Oak Investment Advisors Inc. bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the third quarter valued at about $38,000.

First Trust Rising Dividend Achievers ETF Stock Up 0.6%

Shares of NASDAQ RDVY opened at $75.24 on Friday. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $59.01 and a fifty-two week high of $75.75. The firm’s 50-day simple moving average is $72.01 and its 200 day simple moving average is $70.94. The stock has a market cap of $22.10 billion, a P/E ratio of 15.46 and a beta of 1.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.1813 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.73 annualized dividend and a yield of 1.0%.

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.