First Trust Rising Dividend Achievers ETF $RDVY Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,885,091 shares of the company’s stock after purchasing an additional 128,750 shares during the period. First Trust Rising Dividend Achievers ETF makes up 0.7% of Kestra Advisory Services LLC’s portfolio, making the stock its 15th biggest holding. Kestra Advisory Services LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $196,994,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Financial Perspectives Inc purchased a new position in First Trust Rising Dividend Achievers ETF during the 4th quarter valued at about $26,000. Huntington National Bank lifted its position in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% in the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after purchasing an additional 370 shares in the last quarter. Trust Co. of Vermont purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter worth approximately $27,000. United Community Bank acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth approximately $28,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth approximately $36,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY opened at $79.85 on Friday. The company has a market capitalization of $24.23 billion, a PE ratio of 15.46 and a beta of 1.00. The company’s 50 day moving average price is $76.89 and its 200 day moving average price is $73.36. First Trust Rising Dividend Achievers ETF has a 52 week low of $61.84 and a 52 week high of $81.36.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.1474 per share. This represents a $0.59 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, June 25th.

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.