Truist Financial Corp Has $107.14 Million Stake in First Trust Rising Dividend Achievers ETF $RDVY

Truist Financial Corp raised its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 13.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,592,895 shares of the company’s stock after acquiring an additional 188,969 shares during the period. Truist Financial Corp owned approximately 0.61% of First Trust Rising Dividend Achievers ETF worth $107,138,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 15.9% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 80,000 shares of the company’s stock worth $5,381,000 after buying an additional 11,000 shares in the last quarter. BankPlus Wealth Management LLC boosted its stake in First Trust Rising Dividend Achievers ETF by 35.6% in the 3rd quarter. BankPlus Wealth Management LLC now owns 37,597 shares of the company’s stock valued at $2,529,000 after buying an additional 9,866 shares in the last quarter. Forefront Wealth Partners LLC bought a new stake in First Trust Rising Dividend Achievers ETF in the third quarter valued at $2,859,000. Total Clarity Wealth Management Inc. raised its stake in First Trust Rising Dividend Achievers ETF by 6.0% during the second quarter. Total Clarity Wealth Management Inc. now owns 102,900 shares of the company’s stock worth $6,456,000 after acquiring an additional 5,787 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. raised its stake in First Trust Rising Dividend Achievers ETF by 185.4% during the third quarter. DHJJ Financial Advisors Ltd. now owns 48,353 shares of the company’s stock worth $3,252,000 after acquiring an additional 31,411 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:RDVY opened at $72.72 on Thursday. First Trust Rising Dividend Achievers ETF has a 52 week low of $50.27 and a 52 week high of $73.11. The company’s fifty day moving average is $70.28 and its 200-day moving average is $67.40. The company has a market capitalization of $20.39 billion, a PE ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.