Sound Financial Strategies Group LLC Acquires New Stake in First Trust Rising Dividend Achievers ETF $RDVY

Sound Financial Strategies Group LLC bought a new position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 24,601 shares of the company’s stock, valued at approximately $4,124,000. First Trust Rising Dividend Achievers ETF accounts for 2.6% of Sound Financial Strategies Group LLC’s investment portfolio, making the stock its 8th largest holding.

Other large investors have also recently added to or reduced their stakes in the company. Financial Perspectives Inc bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter valued at about $26,000. Huntington National Bank grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% during the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after buying an additional 370 shares in the last quarter. United Community Bank bought a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth about $28,000. Bessemer Group Inc. acquired a new stake in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at approximately $29,000. Finally, Anchor Investment Management LLC acquired a new stake in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at approximately $34,000.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ RDVY opened at $82.81 on Wednesday. First Trust Rising Dividend Achievers ETF has a 52 week low of $64.34 and a 52 week high of $84.02. The stock’s 50 day moving average price is $80.55 and its two-hundred day moving average price is $75.33. The stock has a market capitalization of $25.40 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.1474 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.7%.

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.