Cadent Capital Advisors LLC Acquires New Position in First Trust Rising Dividend Achievers ETF $RDVY

Cadent Capital Advisors LLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,285 shares of the company’s stock, valued at approximately $1,028,000.

Other hedge funds also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the 2nd quarter valued at approximately $26,000. Compass Financial Services Inc bought a new stake in First Trust Rising Dividend Achievers ETF during the first quarter valued at $26,000. SVB Wealth LLC bought a new stake in First Trust Rising Dividend Achievers ETF during the first quarter valued at $29,000. Rise Advisors LLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the first quarter worth $31,000. Finally, Private Wealth Asset Management LLC lifted its position in shares of 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 worth $33,000 after buying an additional 352 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ RDVY opened at $70.74 on Thursday. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $70.88. The company has a 50-day simple moving average of $68.04 and a 200-day simple moving average of $65.73. The firm has a market capitalization of $18.48 billion, a PE ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be paid a $0.1996 dividend. The ex-dividend date is Friday, December 12th. This is an increase 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 1.1%.

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.