First Trust Rising Dividend Achievers ETF $RDVY Stock: Flagship Harbor Advisors LLC Increases Stake

Flagship Harbor Advisors LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 60.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 296,516 shares of the company’s stock after buying an additional 112,045 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up 0.9% of Flagship Harbor Advisors LLC’s holdings, making the stock its 19th largest holding. Flagship Harbor Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $23,214,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Kings Path Partners LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the third quarter valued at about $27,000. Bessemer Group Inc. bought a new position in shares of First Trust Rising Dividend Achievers ETF in the first quarter worth about $29,000. Anchor Investment Management LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF in the first quarter worth about $34,000. Rosenberg Matthew Hamilton purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the third quarter worth about $43,000. Finally, Thompson Investment Management Inc. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the second quarter worth about $56,000.

First Trust Rising Dividend Achievers ETF Trading Up 0.5%

Shares of RDVY opened at $79.07 on Tuesday. The business’s 50 day moving average is $80.34 and its 200 day moving average is $76.22. The company has a market capitalization of $25.34 billion, a PE ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 12-month low of $64.99 and a 12-month high of $84.02.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a $0.1521 dividend. This represents a $0.61 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, September 24th. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474.

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.