First Trust Rising Dividend Achievers ETF $RDVY Shares Acquired by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 145.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 178,669 shares of the company’s stock after buying an additional 105,834 shares during the quarter. Axxcess Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $12,412,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. Financial Perspectives Inc bought a new position in First Trust Rising Dividend Achievers ETF during the 4th quarter worth approximately $26,000. Trust Co. of Vermont bought a new position in First Trust Rising Dividend Achievers ETF during the 4th quarter worth approximately $27,000. United Community Bank bought a new position in First Trust Rising Dividend Achievers ETF during the 4th quarter worth approximately $28,000. Cullen Frost Bankers Inc. bought a new position in First Trust Rising Dividend Achievers ETF during the 3rd quarter worth approximately $28,000. Finally, Pin Oak Investment Advisors Inc. bought a new position in First Trust Rising Dividend Achievers ETF during the 3rd quarter worth approximately $38,000.

First Trust Rising Dividend Achievers ETF Trading Up 0.6%

Shares of NASDAQ RDVY opened at $75.24 on Friday. The stock’s 50 day simple moving average is $72.01 and its 200 day simple moving average is $70.94. The company has a market cap of $22.10 billion, a price-to-earnings ratio of 15.46 and a beta of 1.02. First Trust Rising Dividend Achievers ETF has a 12-month low of $59.01 and a 12-month high of $75.75.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

First Trust Rising Dividend Achievers ETF Company 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.