Gaddis Premier Wealth Advisors LLC Invests $8.85 Million in First Trust Rising Dividend Achievers ETF $RDVY

Gaddis Premier Wealth Advisors LLC acquired a new position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 127,443 shares of the company’s stock, valued at approximately $8,853,000. First Trust Rising Dividend Achievers ETF accounts for about 6.7% of Gaddis Premier Wealth Advisors LLC’s holdings, making the stock its 4th largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in RDVY. LPL Financial LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF by 10.5% during the fourth quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock worth $2,119,121,000 after buying an additional 2,907,770 shares during the period. Ameriprise Financial Inc. boosted its position 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 buying an additional 957,587 shares during the period. JPMorgan Chase & Co. raised its holdings in First Trust Rising Dividend Achievers ETF by 74.0% during the third quarter. JPMorgan Chase & Co. now owns 1,707,049 shares of the company’s stock worth $114,816,000 after purchasing an additional 725,742 shares in the last quarter. UBS Group AG raised its holdings in First Trust Rising Dividend Achievers ETF by 12.2% during the third quarter. UBS Group AG now owns 5,740,264 shares of the company’s stock worth $386,090,000 after purchasing an additional 624,936 shares in the last quarter. Finally, Prudential PLC bought a new stake in First Trust Rising Dividend Achievers ETF during the third quarter worth approximately $32,762,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ:RDVY opened at $76.03 on Tuesday. First Trust Rising Dividend Achievers ETF has a 12 month low of $60.30 and a 12 month high of $77.12. The stock has a market cap of $22.33 billion, a price-to-earnings ratio of 15.46 and a beta of 1.01. The stock’s 50 day moving average price is $73.54 and its 200 day moving average price is $71.64.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a dividend of $0.1813 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.73 annualized dividend and a yield of 1.0%.

About First Trust Rising Dividend Achievers ETF

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.