First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Raises Dividend to $0.15 Per Share

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) announced a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be given a dividend of 0.1521 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, September 24th. This is a 3.2% increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of First Trust Rising Dividend Achievers ETF stock traded down $0.42 during trading hours on Thursday, hitting $78.52. The company’s stock had a trading volume of 169,689 shares, compared to its average volume of 1,290,994. The company has a market cap of $26.62 billion, a PE ratio of 15.46 and a beta of 1.00. The business has a 50 day moving average price of $81.35 and a two-hundred day moving average price of $76.92. First Trust Rising Dividend Achievers ETF has a 12-month low of $64.97 and a 12-month high of $84.02.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. J.W. Cole Advisors Inc. grew its stake in First Trust Rising Dividend Achievers ETF by 16.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 105,998 shares of the company’s stock valued at $7,334,000 after acquiring an additional 14,615 shares in the last quarter. Kestra Private Wealth Services LLC lifted its stake in First Trust Rising Dividend Achievers ETF by 6.2% in the 1st quarter. Kestra Private Wealth Services LLC now owns 935,616 shares of the company’s stock worth $63,884,000 after purchasing an additional 54,487 shares in the last quarter. Certified Advisory Corp boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 10.9% during the 1st quarter. Certified Advisory Corp now owns 111,055 shares of the company’s stock valued at $7,583,000 after purchasing an additional 10,873 shares during the last quarter. Brookstone Capital Management boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 9.3% during the 1st quarter. Brookstone Capital Management now owns 185,649 shares of the company’s stock valued at $12,676,000 after purchasing an additional 15,808 shares during the last quarter. Finally, Natixis Advisors LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 157.8% during the fourth quarter. Natixis Advisors LLC now owns 38,501 shares of the company’s stock valued at $2,675,000 after purchasing an additional 23,564 shares in the last quarter.

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.