Founders Financial Securities LLC Has $5.07 Million Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Founders Financial Securities LLC lifted its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 11.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,961 shares of the company’s stock after buying an additional 7,260 shares during the period. Founders Financial Securities LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $5,069,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of RDVY. Balefire LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 32.1% during the 4th quarter. Balefire LLC now owns 39,521 shares of the company’s stock valued at $2,746,000 after purchasing an additional 9,594 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 27.6% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 34,134 shares of the company’s stock valued at $2,296,000 after purchasing an additional 7,379 shares in the last quarter. Atria Investments Inc increased its holdings in First Trust Rising Dividend Achievers ETF by 7.1% during the 3rd quarter. Atria Investments Inc now owns 193,425 shares of the company’s stock valued at $13,010,000 after purchasing an additional 12,843 shares in the last quarter. Cozad Asset Management Inc. increased its holdings in First Trust Rising Dividend Achievers ETF by 9.3% during the 3rd quarter. Cozad Asset Management Inc. now owns 108,125 shares of the company’s stock valued at $7,272,000 after purchasing an additional 9,181 shares in the last quarter. Finally, Genesis Private Wealth LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 7.1% during the 4th quarter. Genesis Private Wealth LLC now owns 112,076 shares of the company’s stock valued at $7,786,000 after purchasing an additional 7,444 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY stock opened at $75.26 on Friday. The business has a fifty day moving average price of $72.69 and a 200 day moving average price of $71.24. 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 stock has a market capitalization of $22.11 billion, a price-to-earnings ratio of 15.46 and a beta of 1.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued 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.

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.