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

Iams Wealth Management LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 10.5% in the third quarter, Holdings Channel reports. The firm owned 96,649 shares of the company’s stock after purchasing an additional 9,164 shares during the period. First Trust Rising Dividend Achievers ETF accounts for 2.2% of Iams Wealth Management LLC’s investment portfolio, making the stock its 8th biggest holding. Iams Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $7,567,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of RDVY. Bessemer Group Inc. bought a new stake in First Trust Rising Dividend Achievers ETF in the first quarter valued at approximately $29,000. Anchor Investment Management LLC acquired a new stake in First Trust Rising Dividend Achievers ETF in the first quarter worth $34,000. Rosenberg Matthew Hamilton acquired a new stake in First Trust Rising Dividend Achievers ETF in the third quarter worth $43,000. Thompson Investment Management Inc. bought a new position in shares of First Trust Rising Dividend Achievers ETF during the second quarter worth $56,000. Finally, Torren Management LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF during the first quarter worth $92,000.

First Trust Rising Dividend Achievers ETF Stock Up 1.0%

Shares of RDVY stock opened at $79.73 on Friday. First Trust Rising Dividend Achievers ETF has a 12-month low of $64.99 and a 12-month high of $84.02. The firm has a market capitalization of $25.53 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. The firm has a fifty day moving average of $80.79 and a 200-day moving average of $78.08.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a dividend of $0.1521 per share. This represents a $0.61 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, September 24th. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474.

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.