DB&C Advisors LLC Takes Position in First Trust Rising Dividend Achievers ETF $RDVY

DB&C Advisors LLC bought a new stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,679 shares of the company’s stock, valued at approximately $672,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Liberty Square Wealth Partners LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF by 30.4% in the 4th quarter. Liberty Square Wealth Partners LLC now owns 736,020 shares of the company’s stock valued at $51,131,000 after buying an additional 171,517 shares during the period. Lowe Brockenbrough & Co. Inc. increased its stake in shares of First Trust Rising Dividend Achievers ETF by 118.3% in the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 11,900 shares of the company’s stock valued at $827,000 after buying an additional 6,450 shares during the period. Invst LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF by 4.4% in the 4th quarter. Invst LLC now owns 122,230 shares of the company’s stock valued at $8,491,000 after buying an additional 5,177 shares during the period. Parallel Advisors LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF by 21,560.0% in the 4th quarter. Parallel Advisors LLC now owns 2,166 shares of the company’s stock valued at $150,000 after buying an additional 2,156 shares during the period. Finally, Spectrum Wealth Advisory Group LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF by 78.8% in the 4th quarter. Spectrum Wealth Advisory Group LLC now owns 535,049 shares of the company’s stock valued at $37,170,000 after buying an additional 235,839 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ RDVY opened at $75.55 on Friday. The stock has a fifty day moving average of $73.38 and a 200-day moving average of $71.52. The stock has a market capitalization of $22.19 billion, a P/E 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 company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.1813 dividend. This represents a $0.73 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, March 26th.

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.