Brookstone Capital Management Has $12.68 Million Stake in First Trust Rising Dividend Achievers ETF $RDVY

Brookstone Capital Management grew its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 9.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 185,649 shares of the company’s stock after acquiring an additional 15,808 shares during the period. Brookstone Capital Management owned 0.06% of First Trust Rising Dividend Achievers ETF worth $12,676,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Balefire LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 32.1% in the fourth quarter. Balefire LLC now owns 39,521 shares of the company’s stock worth $2,746,000 after acquiring an additional 9,594 shares during the last quarter. Cozad Asset Management Inc. lifted its position in shares of First Trust Rising Dividend Achievers ETF by 9.3% during the third quarter. Cozad Asset Management Inc. now owns 108,125 shares of the company’s stock worth $7,272,000 after purchasing an additional 9,181 shares in the last quarter. Genesis Private Wealth LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF by 7.1% during the fourth quarter. Genesis Private Wealth LLC now owns 112,076 shares of the company’s stock valued at $7,786,000 after purchasing an additional 7,444 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter valued at approximately $743,000. Finally, Citigroup Inc. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.7% in the third quarter. Citigroup Inc. now owns 364,681 shares of the company’s stock valued at $24,528,000 after purchasing an additional 16,507 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY stock opened at $79.69 on Tuesday. The company has a 50 day moving average price of $75.38 and a 200 day moving average price of $72.42. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $60.30 and a fifty-two week high of $80.05. The stock has a market capitalization of $23.41 billion, a PE ratio of 15.46 and a beta of 1.01.

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 0.9%. The ex-dividend date of this dividend was Thursday, March 26th.

First Trust Rising Dividend Achievers ETF Company 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.