Thrivent Financial for Lutherans Acquires 31,183 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Thrivent Financial for Lutherans grew its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 88.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,299 shares of the company’s stock after purchasing an additional 31,183 shares during the period. Thrivent Financial for Lutherans’ holdings in First Trust Rising Dividend Achievers ETF were worth $4,459,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Topsail Wealth Management LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 3.8% in the third quarter. Topsail Wealth Management LLC now owns 22,607 shares of the company’s stock valued at $1,521,000 after buying an additional 830 shares during the period. Cornerstone Wealth Management LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 5.1% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 164,078 shares of the company’s stock valued at $11,036,000 after acquiring an additional 7,913 shares in the last quarter. Cahill Financial Advisors Inc. lifted its position in shares of First Trust Rising Dividend Achievers ETF by 5.7% during the 3rd quarter. Cahill Financial Advisors Inc. now owns 16,328 shares of the company’s stock valued at $1,098,000 after acquiring an additional 875 shares during the period. Impact Partnership Wealth LLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the 3rd quarter worth $228,000. Finally, Ritter Daniher Financial Advisory LLC DE bought a new position in shares of First Trust Rising Dividend Achievers ETF in the third quarter worth $6,850,000.

First Trust Rising Dividend Achievers ETF Stock Up 2.1%

RDVY stock opened at $73.06 on Friday. First Trust Rising Dividend Achievers ETF has a 52 week low of $50.27 and a 52 week high of $73.43. The business has a 50-day simple moving average of $71.02 and a 200 day simple moving average of $67.86. The company has a market cap of $20.61 billion, a PE ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.1996 per share. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%.

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.