Founders Financial Securities LLC Acquires 7,260 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Founders Financial Securities LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 11.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,961 shares of the company’s stock after purchasing an additional 7,260 shares during the quarter. Founders Financial Securities LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $5,069,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its stake in First Trust Rising Dividend Achievers ETF by 640.9% during the 4th quarter. BNP Paribas Financial Markets now owns 554,949 shares of the company’s stock valued at $38,552,000 after purchasing an additional 480,047 shares during the period. Viawealth LLC acquired a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at approximately $204,000. Impact Partnership Wealth LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 12.2% in the 4th quarter. Impact Partnership Wealth LLC now owns 3,804 shares of the company’s stock valued at $264,000 after acquiring an additional 415 shares in the last quarter. Acorn Wealth Advisors LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 3.7% in the 4th quarter. Acorn Wealth Advisors LLC now owns 5,481 shares of the company’s stock valued at $381,000 after acquiring an additional 197 shares in the last quarter. Finally, Rothschild Investment LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 102.1% in the 4th quarter. Rothschild Investment LLC now owns 1,237 shares of the company’s stock valued at $86,000 after acquiring an additional 625 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Down 0.2%

First Trust Rising Dividend Achievers ETF stock opened at $75.26 on Friday. The business has a 50 day moving average price of $72.69 and a two-hundred day moving average price of $71.24. The stock has a market cap of $22.11 billion, a price-to-earnings ratio of 15.46 and a beta of 1.02. First Trust Rising Dividend Achievers ETF has a 12 month low of $59.67 and a 12 month high of $76.57.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.