First Trust Rising Dividend Achievers ETF $RDVY Shares Purchased by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 6.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 189,156 shares of the company’s stock after purchasing an additional 11,319 shares during the period. Cornerstone Wealth Management LLC owned approximately 0.06% of First Trust Rising Dividend Achievers ETF worth $14,809,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of RDVY. Kings Path Partners LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the 3rd quarter valued at $27,000. Bessemer Group Inc. purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter worth $29,000. Anchor Investment Management LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter worth $34,000. Allspring Global Investments Holdings LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 255.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 533 shares of the company’s stock worth $42,000 after buying an additional 383 shares during the period. Finally, Rosenberg Matthew Hamilton acquired a new position in First Trust Rising Dividend Achievers ETF in the third quarter valued at $43,000.

First Trust Rising Dividend Achievers ETF Trading Down 0.0%

Shares of First Trust Rising Dividend Achievers ETF stock opened at $79.36 on Wednesday. The business’s fifty day moving average price is $79.60 and its 200 day moving average price is $76.65. First Trust Rising Dividend Achievers ETF has a twelve month low of $64.99 and a twelve month high of $84.02. The stock has a market capitalization of $25.58 billion, a P/E ratio of 15.82 and a beta of 1.02.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a $0.1521 dividend. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474. The ex-dividend date was Thursday, September 24th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.8%.

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.