Crumly & Associates Inc. Buys 8,227 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Crumly & Associates Inc. boosted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2.4% during the second quarter, Holdings Channel reports. The fund owned 349,978 shares of the company’s stock after acquiring an additional 8,227 shares during the period. First Trust Rising Dividend Achievers ETF makes up approximately 5.3% of Crumly & Associates Inc.’s holdings, making the stock its 2nd biggest holding. Crumly & Associates Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $21,958,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Triumph Capital Management lifted its position in shares of First Trust Rising Dividend Achievers ETF by 7.6% during the fourth quarter. Triumph Capital Management now owns 116,915 shares of the company’s stock worth $6,914,000 after purchasing an additional 8,263 shares in the last quarter. Bank of New York Mellon Corp raised its position in First Trust Rising Dividend Achievers ETF by 440.8% in the 1st quarter. Bank of New York Mellon Corp now owns 27,683 shares of the company’s stock worth $1,621,000 after purchasing an additional 22,564 shares during the last quarter. Assetmark Inc. lifted its holdings in First Trust Rising Dividend Achievers ETF by 772.8% during the 1st quarter. Assetmark Inc. now owns 64,832 shares of the company’s stock worth $3,795,000 after buying an additional 57,404 shares in the last quarter. Fifth Third Bancorp boosted its position in First Trust Rising Dividend Achievers ETF by 652.0% in the 1st quarter. Fifth Third Bancorp now owns 940 shares of the company’s stock valued at $55,000 after buying an additional 815 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its stake in shares of First Trust Rising Dividend Achievers ETF by 69.9% in the 1st quarter. Arkadios Wealth Advisors now owns 207,911 shares of the company’s stock valued at $12,171,000 after buying an additional 85,516 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Down 0.6%

Shares of RDVY opened at $66.32 on Friday. The stock’s fifty day simple moving average is $64.49 and its 200-day simple moving average is $60.88. The firm has a market capitalization of $16.18 billion, a PE ratio of 15.46 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a 12-month low of $50.27 and a 12-month high of $66.76.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a $0.1706 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, June 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.