Foundations Investment Advisors LLC Buys 36,133 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Foundations Investment Advisors LLC raised its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 11.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 355,234 shares of the company’s stock after buying an additional 36,133 shares during the period. Foundations Investment Advisors LLC owned about 0.13% of First Trust Rising Dividend Achievers ETF worth $24,678,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Raymond James Financial Inc. boosted its position in shares of First Trust Rising Dividend Achievers ETF by 1.8% during the 2nd quarter. Raymond James Financial Inc. now owns 11,201,473 shares of the company’s stock valued at $702,780,000 after purchasing an additional 198,938 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of First Trust Rising Dividend Achievers ETF by 10.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,790,897 shares of the company’s stock valued at $523,914,000 after purchasing an additional 716,800 shares in the last quarter. Bank of America Corp DE boosted its position in shares of First Trust Rising Dividend Achievers ETF by 7.0% during the 3rd quarter. Bank of America Corp DE now owns 6,992,315 shares of the company’s stock valued at $470,303,000 after purchasing an additional 455,258 shares in the last quarter. UBS Group AG boosted its position in shares of First Trust Rising Dividend Achievers ETF by 4.4% during the 4th quarter. UBS Group AG now owns 5,994,505 shares of the company’s stock valued at $416,438,000 after purchasing an additional 254,241 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of First Trust Rising Dividend Achievers ETF by 13.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock valued at $329,979,000 after purchasing an additional 577,318 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of First Trust Rising Dividend Achievers ETF stock opened at $75.69 on Thursday. First Trust Rising Dividend Achievers ETF has a one year low of $59.67 and a one year high of $76.57. The stock’s 50-day moving average is $72.44 and its 200 day moving average is $71.15. The firm has a market cap of $22.23 billion, a price-to-earnings ratio of 15.46 and a beta of 1.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given 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 1.0%.

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.