First Trust Rising Dividend Achievers ETF $RDVY Stock Position Boosted by Howard Financial Services LTD.

Howard Financial Services LTD. lifted its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 292,508 shares of the company’s stock after buying an additional 9,350 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up about 2.4% of Howard Financial Services LTD.’s holdings, making the stock its 14th largest holding. Howard Financial Services LTD.’s holdings in First Trust Rising Dividend Achievers ETF were worth $22,900,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Bank of America Corp DE lifted its stake in First Trust Rising Dividend Achievers ETF by 3.0% in the first quarter. Bank of America Corp DE now owns 7,444,315 shares of the company’s stock valued at $508,298,000 after buying an additional 219,060 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of First Trust Rising Dividend Achievers ETF by 1.6% during the second quarter. Envestnet Asset Management Inc. now owns 5,503,234 shares of the company’s stock worth $446,092,000 after buying an additional 86,684 shares during the period. Royal Bank of Canada grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 6.5% during the first quarter. Royal Bank of Canada now owns 5,030,578 shares of the company’s stock worth $343,487,000 after buying an additional 307,823 shares in the last quarter. Cetera Investment Advisers lifted its stake in First Trust Rising Dividend Achievers ETF by 8.0% in the 1st quarter. Cetera Investment Advisers now owns 4,044,145 shares of the company’s stock valued at $276,134,000 after acquiring an additional 299,620 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of First Trust Rising Dividend Achievers ETF by 12.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,492,637 shares of the company’s stock worth $283,113,000 after acquiring an additional 379,961 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Trading Down 0.8%

Shares of RDVY opened at $78.93 on Thursday. The stock has a market capitalization of $25.27 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 12 month low of $64.99 and a 12 month high of $84.02. The firm has a fifty day simple moving average of $80.86 and a 200 day simple moving average of $77.99.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a dividend of $0.1521 per share. The ex-dividend date was Thursday, September 24th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.8%. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474.

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.