First Trust Rising Dividend Achievers ETF $RDVY Shares Acquired by Western Wealth Management LLC

Western Wealth Management LLC grew its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 353,709 shares of the company’s stock after purchasing an additional 15,055 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for about 0.9% of Western Wealth Management LLC’s holdings, making the stock its 19th biggest holding. Western Wealth Management LLC owned about 0.12% of First Trust Rising Dividend Achievers ETF worth $24,151,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in RDVY. Basepoint Wealth LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF by 4.5% in the first quarter. Basepoint Wealth LLC now owns 3,187 shares of the company’s stock worth $218,000 after acquiring an additional 136 shares in the last quarter. Retirement Planning Group LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 1.8% in the first quarter. Retirement Planning Group LLC now owns 8,013 shares of the company’s stock valued at $547,000 after acquiring an additional 138 shares in the last quarter. MBE Wealth Management LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 2.7% in the first quarter. MBE Wealth Management LLC now owns 6,798 shares of the company’s stock valued at $464,000 after acquiring an additional 179 shares in the last quarter. Castleview Partners LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 2.8% in the first quarter. Castleview Partners LLC now owns 6,898 shares of the company’s stock valued at $471,000 after purchasing an additional 189 shares during the period. Finally, Acorn Wealth Advisors LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 3.7% in the fourth quarter. Acorn Wealth Advisors LLC now owns 5,481 shares of the company’s stock valued at $381,000 after purchasing an additional 197 shares during the period.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY opened at $80.80 on Friday. The business has a fifty day moving average price of $78.66 and a 200 day moving average price of $74.34. First Trust Rising Dividend Achievers ETF has a 12 month low of $62.02 and a 12 month high of $81.36. The stock has a market capitalization of $24.73 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.1474 dividend. 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.