Ballew Advisors Inc Has $2.44 Million Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Ballew Advisors Inc increased its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 283.9% in the third quarter, HoldingsChannel reports. The firm owned 36,636 shares of the company’s stock after purchasing an additional 27,094 shares during the period. First Trust Rising Dividend Achievers ETF makes up approximately 1.4% of Ballew Advisors Inc’s investment portfolio, making the stock its 15th biggest holding. Ballew Advisors Inc’s holdings in First Trust Rising Dividend Achievers ETF were worth $2,439,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. World Investment Advisors increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.4% in the third quarter. World Investment Advisors now owns 120,901 shares of the company’s stock valued at $8,132,000 after purchasing an additional 5,112 shares in the last quarter. Brookstone Capital Management boosted its stake in First Trust Rising Dividend Achievers ETF by 49.0% during the 3rd quarter. Brookstone Capital Management now owns 135,368 shares of the company’s stock worth $9,105,000 after acquiring an additional 44,545 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 7.1% in the 3rd quarter. Private Trust Co. NA now owns 39,369 shares of the company’s stock valued at $2,648,000 after buying an additional 2,611 shares during the period. Founders Financial Securities LLC grew its stake in First Trust Rising Dividend Achievers ETF by 2.8% in the third quarter. Founders Financial Securities LLC now owns 65,701 shares of the company’s stock valued at $4,419,000 after acquiring an additional 1,805 shares during the period. Finally, DAVENPORT & Co LLC increased its stake in First Trust Rising Dividend Achievers ETF by 4.6% during the 3rd quarter. DAVENPORT & Co LLC now owns 128,152 shares of the company’s stock worth $8,620,000 after purchasing an additional 5,659 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Up 0.4%

Shares of NASDAQ:RDVY opened at $70.74 on Thursday. The company’s fifty day simple moving average is $68.04 and its 200 day simple moving average is $65.73. First Trust Rising Dividend Achievers ETF has a 12 month low of $50.27 and a 12 month high of $70.88. The firm has a market cap of $18.48 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. Stockholders of record on Friday, December 12th will be issued a $0.1996 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, December 12th.

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.