Ascension Capital Advisors Inc. Buys 48,210 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Ascension Capital Advisors Inc. lifted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 9.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 581,472 shares of the company’s stock after buying an additional 48,210 shares during the period. First Trust Rising Dividend Achievers ETF accounts for approximately 13.9% of Ascension Capital Advisors Inc.’s holdings, making the stock its largest position. Ascension Capital Advisors Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $40,395,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Quad Cities Investment Group LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 0.7% during the fourth quarter. Quad Cities Investment Group LLC now owns 21,219 shares of the company’s stock worth $1,474,000 after purchasing an additional 157 shares in the last quarter. Allworth Financial LP lifted its holdings in First Trust Rising Dividend Achievers ETF by 0.3% in the third quarter. Allworth Financial LP now owns 59,767 shares of the company’s stock valued at $4,020,000 after buying an additional 159 shares during the period. Howard Bailey Securities LLC lifted its holdings in First Trust Rising Dividend Achievers ETF by 4.6% in the third quarter. Howard Bailey Securities LLC now owns 3,673 shares of the company’s stock valued at $247,000 after buying an additional 160 shares during the period. Insigneo Advisory Services LLC lifted its holdings in First Trust Rising Dividend Achievers ETF by 0.8% in the third quarter. Insigneo Advisory Services LLC now owns 19,956 shares of the company’s stock valued at $1,342,000 after buying an additional 163 shares during the period. Finally, Proactive Wealth Strategies LLC lifted its holdings in First Trust Rising Dividend Achievers ETF by 0.3% in the third quarter. Proactive Wealth Strategies LLC now owns 64,148 shares of the company’s stock valued at $4,315,000 after buying an additional 174 shares during the period.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ RDVY opened at $75.26 on Friday. The company’s 50 day simple moving average is $72.69 and its 200 day simple moving average is $71.24. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $59.67 and a fifty-two week high of $76.57. The firm has a market capitalization of $22.11 billion, a P/E ratio of 15.46 and a beta of 1.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.1813 dividend. This represents a $0.73 annualized dividend and a 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.