Janney Montgomery Scott LLC Has $104.43 Million Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Janney Montgomery Scott LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,503,228 shares of the company’s stock after acquiring an additional 57,927 shares during the quarter. Janney Montgomery Scott LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $104,429,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of RDVY. Wills Financial Group LLC lifted its position in First Trust Rising Dividend Achievers ETF by 46.2% during the fourth quarter. Wills Financial Group LLC now owns 15,632 shares of the company’s stock worth $1,086,000 after acquiring an additional 4,938 shares during the last quarter. Rise Advisors LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF by 5,883.8% during the fourth quarter. Rise Advisors LLC now owns 440,766 shares of the company’s stock worth $30,620,000 after purchasing an additional 433,400 shares during the period. Focus Partners Advisor Solutions LLC lifted its holdings in First Trust Rising Dividend Achievers ETF by 27.5% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 11,176 shares of the company’s stock worth $776,000 after purchasing an additional 2,411 shares during the last quarter. Gaddis Premier Wealth Advisors LLC bought a new stake in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at $8,853,000. Finally, TIAA Trust National Association acquired a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at $296,000.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY stock opened at $75.66 on Thursday. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $60.30 and a fifty-two week high of $77.60. The stock has a market capitalization of $22.23 billion, a price-to-earnings ratio of 15.46 and a beta of 1.01. The business’s fifty day moving average price is $73.93 and its two-hundred day moving average price is $71.79.

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 1.0%. The ex-dividend date of this dividend 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.