Barnes Pettey Financial Advisors LLC Has $11.63 Million Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Barnes Pettey Financial Advisors LLC grew its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 37.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 170,391 shares of the company’s stock after buying an additional 46,051 shares during the period. First Trust Rising Dividend Achievers ETF makes up approximately 5.1% of Barnes Pettey Financial Advisors LLC’s holdings, making the stock its 2nd biggest position. Barnes Pettey Financial Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $11,634,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of RDVY. Financial Perspectives Inc acquired a new position in First Trust Rising Dividend Achievers ETF during the 4th quarter worth $26,000. Huntington National Bank lifted its position in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% in the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after acquiring an additional 370 shares during the period. Trust Co. of Vermont acquired a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter worth $27,000. United Community Bank acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter valued at about $28,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter valued at approximately $36,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ:RDVY opened at $80.58 on Thursday. The business’s fifty day moving average price is $76.27 and its two-hundred day moving average price is $72.93. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $61.84 and a fifty-two week high of $81.36. The stock has a market capitalization of $23.67 billion, a price-to-earnings ratio of 15.46 and a beta of 1.01.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.1474 per share. This represents a $0.59 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 25th.

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.