Kingsview Wealth Management LLC Increases Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

Kingsview Wealth Management LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 10.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 130,007 shares of the company’s stock after purchasing an additional 12,286 shares during the period. Kingsview Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $8,744,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of RDVY. Confluence Wealth Services Inc. boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 1.2% in the third quarter. Confluence Wealth Services Inc. now owns 12,638 shares of the company’s stock valued at $850,000 after buying an additional 153 shares in the last quarter. Howard Bailey Securities LLC lifted its holdings in First Trust Rising Dividend Achievers ETF by 4.6% in the third quarter. Howard Bailey Securities LLC now owns 3,673 shares of the company’s stock valued at $247,000 after acquiring an additional 160 shares during the period. Centerpoint Advisory Group boosted its position in shares of First Trust Rising Dividend Achievers ETF by 0.5% during the 2nd quarter. Centerpoint Advisory Group now owns 33,586 shares of the company’s stock worth $2,107,000 after purchasing an additional 172 shares in the last quarter. Proactive Wealth Strategies LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF by 0.3% during the 3rd quarter. Proactive Wealth Strategies LLC now owns 64,148 shares of the company’s stock worth $4,315,000 after purchasing an additional 174 shares during the period. Finally, HBK Sorce Advisory LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF by 1.4% during the 3rd quarter. HBK Sorce Advisory LLC now owns 12,857 shares of the company’s stock worth $865,000 after purchasing an additional 183 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Down 0.1%

Shares of NASDAQ RDVY opened at $72.22 on Tuesday. First Trust Rising Dividend Achievers ETF has a 52 week low of $50.27 and a 52 week high of $73.54. The firm has a 50-day moving average price of $71.96 and a 200 day moving average price of $68.83. The stock has a market capitalization of $20.38 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.1996 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, December 12th.

First Trust Rising Dividend Achievers ETF Profile

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.