First Trust Rising Dividend Achievers ETF $RDVY Stake Lifted by Guided Capital Wealth Management LLC

Guided Capital Wealth Management LLC lifted its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 22.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 117,319 shares of the company’s stock after acquiring an additional 21,375 shares during the period. First Trust Rising Dividend Achievers ETF accounts for about 5.7% of Guided Capital Wealth Management LLC’s investment portfolio, making the stock its 8th largest holding. Guided Capital Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $8,150,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Corp bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the third quarter valued at approximately $25,000. Cullen Frost Bankers Inc. bought a new position in First Trust Rising Dividend Achievers ETF in the third quarter worth $28,000. Mather Group LLC. bought a new position in First Trust Rising Dividend Achievers ETF in the third quarter worth $31,000. Pin Oak Investment Advisors Inc. purchased a new position in First Trust Rising Dividend Achievers ETF during the third quarter valued at $38,000. Finally, Collier Financial purchased a new position in First Trust Rising Dividend Achievers ETF during the third quarter valued at $41,000.

First Trust Rising Dividend Achievers ETF Trading Up 2.8%

Shares of RDVY stock opened at $68.28 on Wednesday. The company’s fifty day moving average price is $71.01 and its 200-day moving average price is $69.35. The stock has a market cap of $19.27 billion, a PE ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a 12 month low of $50.27 and a 12 month high of $73.54.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.1813 per share. This represents a $0.73 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, March 26th.

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.