Continuum Advisory LLC Has $1.45 Million Position in First Trust Rising Dividend Achievers ETF $RDVY

Continuum Advisory LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 55.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,817 shares of the company’s stock after acquiring an additional 7,463 shares during the quarter. Continuum Advisory LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,446,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Inc. raised its stake in First Trust Rising Dividend Achievers ETF by 1.8% during the second quarter. Raymond James Financial Inc. now owns 11,201,473 shares of the company’s stock worth $702,780,000 after acquiring an additional 198,938 shares in the last quarter. Ameriprise Financial Inc. raised its stake in First Trust Rising Dividend Achievers ETF by 10.1% during the third quarter. Ameriprise Financial Inc. now owns 7,790,897 shares of the company’s stock worth $523,914,000 after acquiring an additional 716,800 shares in the last quarter. Bank of America Corp DE raised its stake in First Trust Rising Dividend Achievers ETF by 7.0% during the third quarter. Bank of America Corp DE now owns 6,992,315 shares of the company’s stock worth $470,303,000 after acquiring an additional 455,258 shares in the last quarter. UBS Group AG raised its stake in First Trust Rising Dividend Achievers ETF by 4.4% during the fourth quarter. UBS Group AG now owns 5,994,505 shares of the company’s stock worth $416,438,000 after acquiring an additional 254,241 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 15.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,810,099 shares of the company’s stock worth $189,007,000 after purchasing an additional 371,365 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY stock opened at $75.55 on Friday. The stock’s fifty day moving average is $73.38 and its 200-day moving average is $71.52. The stock has a market capitalization of $22.19 billion, a PE ratio of 15.46 and a beta of 1.01. First Trust Rising Dividend Achievers ETF has a 52 week low of $60.30 and a 52 week high of $77.12.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.1813 per share. This represents a $0.73 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, March 26th.

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.