Sigma Planning Corp Increases Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Sigma Planning Corp lifted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 259,052 shares of the company’s stock after purchasing an additional 7,974 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for about 0.5% of Sigma Planning Corp’s holdings, making the stock its 27th largest position. Sigma Planning Corp’s holdings in First Trust Rising Dividend Achievers ETF were worth $17,688,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in RDVY. Financial Perspectives Inc purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter worth about $26,000. Huntington National Bank grew its stake in 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 valued at $26,000 after acquiring an additional 370 shares in the last quarter. Trust Co. of Vermont bought a new stake in First Trust Rising Dividend Achievers ETF during the 4th quarter worth approximately $27,000. United Community Bank bought a new stake in First Trust Rising Dividend Achievers ETF during the 4th quarter worth approximately $28,000. Finally, Anchor Investment Management LLC purchased a new stake in First Trust Rising Dividend Achievers ETF in the 1st quarter worth approximately $34,000.

First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ RDVY opened at $80.17 on Wednesday. The company’s 50 day simple moving average is $77.23 and its two-hundred day simple moving average is $73.56. First Trust Rising Dividend Achievers ETF has a 1 year low of $61.84 and a 1 year high of $81.36. The stock has a market capitalization of $24.33 billion, a PE 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. Investors of record on Thursday, June 25th were given a $0.1474 dividend. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date 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.