First Trust Rising Dividend Achievers ETF $RDVY Position Boosted by Brookstone Capital Management

Brookstone Capital Management lifted its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 25.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 169,841 shares of the company’s stock after purchasing an additional 34,473 shares during the quarter. Brookstone Capital Management’s holdings in First Trust Rising Dividend Achievers ETF were worth $11,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. grew its holdings 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 in the last quarter. JPMorgan Chase & Co. grew its stake in shares of First Trust Rising Dividend Achievers ETF by 74.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,707,049 shares of the company’s stock valued at $114,816,000 after buying an additional 725,742 shares in the last quarter. UBS Group AG grew its stake in shares of First Trust Rising Dividend Achievers ETF by 12.2% in the 3rd quarter. UBS Group AG now owns 5,740,264 shares of the company’s stock valued at $386,090,000 after buying an additional 624,936 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in First Trust Rising Dividend Achievers ETF by 13.3% in the third quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock worth $329,979,000 after buying an additional 577,318 shares during the last quarter. Finally, Prudential PLC acquired a new position in First Trust Rising Dividend Achievers ETF in the third quarter worth approximately $32,762,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY opened at $68.28 on Wednesday. The firm has a market cap of $19.27 billion, a PE ratio of 15.46 and a beta of 1.10. The firm’s 50 day moving average price is $71.01 and its 200 day moving average price is $69.35. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $73.54.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.1813 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.73 annualized dividend and a dividend yield of 1.1%.

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.