HBW Advisory Services LLC Has $14.15 Million Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

HBW Advisory Services LLC boosted its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 11.0% during the 2nd quarter, Holdings Channel reports. The fund owned 174,558 shares of the company’s stock after buying an additional 17,345 shares during the period. First Trust Rising Dividend Achievers ETF makes up 1.3% of HBW Advisory Services LLC’s portfolio, making the stock its 19th largest holding. HBW Advisory Services LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $14,150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RDVY. Basepoint Wealth LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.5% during the first quarter. Basepoint Wealth LLC now owns 3,187 shares of the company’s stock valued at $218,000 after acquiring an additional 136 shares in the last quarter. Retirement Planning Group LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 1.8% during the first quarter. Retirement Planning Group LLC now owns 8,013 shares of the company’s stock worth $547,000 after purchasing an additional 138 shares during the period. MBE Wealth Management LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 2.7% during the first quarter. MBE Wealth Management LLC now owns 6,798 shares of the company’s stock worth $464,000 after purchasing an additional 179 shares during the period. Castleview Partners LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 2.8% in the 1st quarter. Castleview Partners LLC now owns 6,898 shares of the company’s stock worth $471,000 after purchasing an additional 189 shares in the last quarter. Finally, Acorn Wealth Advisors LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 3.7% in the 4th quarter. Acorn Wealth Advisors LLC now owns 5,481 shares of the company’s stock worth $381,000 after purchasing an additional 197 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Trading Up 0.4%

NASDAQ RDVY opened at $83.56 on Thursday. The company has a fifty day simple moving average of $79.97 and a 200 day simple moving average of $75.01. First Trust Rising Dividend Achievers ETF has a 12-month low of $64.34 and a 12-month high of $83.99. The company has a market cap of $25.63 billion, a P/E ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.1474 dividend. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 25th.

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.