Accel Wealth Management Boosts Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

Accel Wealth Management lifted its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 43.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 88,284 shares of the company’s stock after purchasing an additional 26,625 shares during the period. First Trust Rising Dividend Achievers ETF makes up about 1.7% of Accel Wealth Management’s investment portfolio, making the stock its 12th biggest position. Accel Wealth Management’s holdings in First Trust Rising Dividend Achievers ETF were worth $5,938,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. grew its holdings in First Trust Rising Dividend Achievers ETF by 1.8% in the 2nd quarter. Raymond James Financial Inc. now owns 11,201,473 shares of the company’s stock valued at $702,780,000 after buying an additional 198,938 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of First Trust Rising Dividend Achievers ETF by 15.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock valued at $442,526,000 after acquiring an additional 957,587 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.1% in the second quarter. Bank of America Corp DE now owns 6,537,057 shares of the company’s stock valued at $410,135,000 after purchasing an additional 258,172 shares during the period. Envestnet Asset Management Inc. increased its position in First Trust Rising Dividend Achievers ETF by 26.5% during the second quarter. Envestnet Asset Management Inc. now owns 4,328,699 shares of the company’s stock worth $271,583,000 after purchasing an additional 907,673 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in First Trust Rising Dividend Achievers ETF by 3.5% during the first quarter. Royal Bank of Canada now owns 3,521,054 shares of the company’s stock worth $206,123,000 after purchasing an additional 118,032 shares during the period.

First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ:RDVY opened at $69.01 on Thursday. The company’s 50-day moving average is $67.64 and its two-hundred day moving average is $65.40. First Trust Rising Dividend Achievers ETF has a 1-year low of $50.27 and a 1-year high of $70.71. The firm has a market capitalization of $18.03 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be issued a $0.1996 dividend. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, December 12th.

First Trust Rising Dividend Achievers ETF 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.