First Trust Rising Dividend Achievers ETF $RDVY Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 62.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 91,483 shares of the company’s stock after acquiring an additional 35,038 shares during the quarter. Farther Finance Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $6,153,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Farmers & Merchants Investments Inc. purchased a new stake in First Trust Rising Dividend Achievers ETF in the second quarter valued at approximately $26,000. Compass Financial Services Inc acquired a new position in First Trust Rising Dividend Achievers ETF during the 1st quarter worth about $26,000. SVB Wealth LLC purchased a new position in First Trust Rising Dividend Achievers ETF during the 1st quarter valued at about $29,000. Rise Advisors LLC acquired a new position in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at about $31,000. Finally, Private Wealth Asset Management LLC grew its position in First Trust Rising Dividend Achievers ETF by 201.1% in the 2nd quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock valued at $33,000 after acquiring an additional 352 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY opened at $70.47 on Wednesday. The company’s 50-day simple moving average is $67.95 and its 200-day simple moving average is $65.69. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $70.71. The stock has a market capitalization of $18.41 billion, a PE ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be given a $0.1996 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.80 annualized dividend and a yield of 1.1%. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15.

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.