Baird Financial Group Inc. Acquires 38,793 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Baird Financial Group Inc. grew its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 906,359 shares of the company’s stock after purchasing an additional 38,793 shares during the quarter. Baird Financial Group Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $56,865,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in RDVY. Total Clarity Wealth Management Inc. boosted its stake in First Trust Rising Dividend Achievers ETF by 6.0% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 102,900 shares of the company’s stock worth $6,456,000 after purchasing an additional 5,787 shares during the period. Robertson Stephens Wealth Management LLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the 2nd quarter valued at about $249,000. Novem Group lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 3.0% in the second quarter. Novem Group now owns 19,090 shares of the company’s stock valued at $1,198,000 after purchasing an additional 555 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 61.4% in the first quarter. Jones Financial Companies Lllp now owns 688,084 shares of the company’s stock valued at $39,929,000 after purchasing an additional 261,781 shares in the last quarter. Finally, Sigma Planning Corp boosted its position in shares of First Trust Rising Dividend Achievers ETF by 18.5% during the second quarter. Sigma Planning Corp now owns 177,834 shares of the company’s stock worth $11,157,000 after buying an additional 27,755 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ:RDVY opened at $69.16 on Friday. The stock has a 50-day simple moving average of $67.23 and a 200 day simple moving average of $64.78. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $69.40. The company has a market cap of $18.07 billion, a PE ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a $0.1487 dividend. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, September 25th.

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.