First Trust Rising Dividend Achievers ETF $RDVY Stock: Rise Advisors LLC Grows Holdings

Rise Advisors LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 502,526 shares of the company’s stock after acquiring an additional 11,924 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up approximately 11.1% of Rise Advisors LLC’s portfolio, making the stock its 2nd largest holding. Rise Advisors LLC owned 0.16% of First Trust Rising Dividend Achievers ETF worth $39,343,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RDVY. James T. Borello RIA lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 24.5% in the 3rd quarter. James T. Borello RIA now owns 138,256 shares of the company’s stock valued at $10,824,000 after purchasing an additional 27,202 shares during the last quarter. Cyndeo Wealth Partners LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 78.2% in the third quarter. Cyndeo Wealth Partners LLC now owns 15,195 shares of the company’s stock worth $1,190,000 after buying an additional 6,670 shares during the last quarter. Ellsworth Advisors LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 3.0% in the third quarter. Ellsworth Advisors LLC now owns 27,142 shares of the company’s stock worth $2,125,000 after buying an additional 789 shares during the last quarter. Iams Wealth Management LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 10.5% in the third quarter. Iams Wealth Management LLC now owns 96,649 shares of the company’s stock worth $7,567,000 after buying an additional 9,164 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 1.2% during the 3rd quarter. AdvisorNet Financial Inc now owns 30,140 shares of the company’s stock worth $2,379,000 after acquiring an additional 362 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY traded down $0.36 during trading hours on Friday, hitting $79.37. 1,131,228 shares of the company were exchanged, compared to its average volume of 1,282,374. The company has a market cap of $25.41 billion, a PE ratio of 15.46 and a beta of 1.00. The firm’s 50 day moving average is $80.71 and its 200-day moving average is $78.09. First Trust Rising Dividend Achievers ETF has a 52 week low of $64.99 and a 52 week high of $84.02.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.