Foundations Investment Advisors LLC Has $24.68 Million Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

Foundations Investment Advisors LLC increased its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 11.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 355,234 shares of the company’s stock after buying an additional 36,133 shares during the quarter. Foundations Investment Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $24,678,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Thoroughbred Financial Services LLC raised its stake in First Trust Rising Dividend Achievers ETF by 0.5% during the 4th quarter. Thoroughbred Financial Services LLC now owns 165,987 shares of the company’s stock worth $11,531,000 after buying an additional 857 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in First Trust Rising Dividend Achievers ETF during the 4th quarter worth approximately $135,000. Huntington National Bank raised its stake in First Trust Rising Dividend Achievers ETF by 37,000.0% during the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after buying an additional 370 shares during the period. Kingsview Wealth Management LLC raised its stake in First Trust Rising Dividend Achievers ETF by 81.5% during the 4th quarter. Kingsview Wealth Management LLC now owns 235,918 shares of the company’s stock worth $16,389,000 after buying an additional 105,911 shares during the period. Finally, Key Financial Inc raised its stake in First Trust Rising Dividend Achievers ETF by 70.6% during the 4th quarter. Key Financial Inc now owns 1,457 shares of the company’s stock worth $101,000 after buying an additional 603 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY stock opened at $75.69 on Thursday. The stock’s 50 day simple moving average is $72.44 and its 200 day simple moving average is $71.15. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $59.67 and a fifty-two week high of $76.57. The company has a market cap of $22.23 billion, a P/E ratio of 15.46 and a beta of 1.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.1813 per share. This represents a $0.73 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, March 26th.

First Trust Rising Dividend Achievers ETF Company 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.