Stephens Inc. AR Acquires 7,206 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Stephens Inc. AR lifted its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 6.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 115,227 shares of the company’s stock after acquiring an additional 7,206 shares during the quarter. Stephens Inc. AR’s holdings in First Trust Rising Dividend Achievers ETF were worth $8,005,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Raymond James Financial Inc. lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 1.8% in the 2nd quarter. Raymond James Financial Inc. now owns 11,201,473 shares of the company’s stock worth $702,780,000 after acquiring an additional 198,938 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 10.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,790,897 shares of the company’s stock worth $523,914,000 after acquiring an additional 716,800 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 7.0% in the 3rd quarter. Bank of America Corp DE now owns 6,992,315 shares of the company’s stock worth $470,303,000 after acquiring an additional 455,258 shares during the last quarter. UBS Group AG lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.4% in the 4th quarter. UBS Group AG now owns 5,994,505 shares of the company’s stock worth $416,438,000 after acquiring an additional 254,241 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 13.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock worth $329,979,000 after acquiring an additional 577,318 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Down 1.0%

NASDAQ:RDVY opened at $73.64 on Friday. The company has a fifty day moving average of $71.58 and a 200 day moving average of $70.71. First Trust Rising Dividend Achievers ETF has a 52 week low of $59.01 and a 52 week high of $75.75. The firm has a market capitalization of $21.63 billion, a P/E ratio of 15.46 and a beta of 1.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a dividend of $0.1813 per share. This represents a $0.73 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, March 26th.

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.