First Trust Rising Dividend Achievers ETF $RDVY Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers grew its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.6% during the second quarter, Holdings Channel reports. The firm owned 2,795,239 shares of the company’s stock after acquiring an additional 97,920 shares during the quarter. Cetera Investment Advisers’ holdings in First Trust Rising Dividend Achievers ETF were worth $175,373,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in RDVY. Compass Financial Services Inc purchased a new position in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at approximately $26,000. Farmers & Merchants Investments Inc. acquired a new position in First Trust Rising Dividend Achievers ETF in the second quarter valued at approximately $26,000. SVB Wealth LLC acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter valued at $29,000. Rise Advisors LLC acquired a new position in First Trust Rising Dividend Achievers ETF in the first quarter valued at $31,000. Finally, Private Wealth Asset Management LLC grew its stake in First Trust Rising Dividend Achievers ETF by 201.1% during the 2nd quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock worth $33,000 after buying an additional 352 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Trading Down 0.4%

Shares of RDVY opened at $66.93 on Friday. First Trust Rising Dividend Achievers ETF has a 12-month low of $50.27 and a 12-month high of $68.49. The firm has a market cap of $17.49 billion, a PE ratio of 15.46 and a beta of 1.10. The company’s 50 day simple moving average is $67.00 and its 200-day simple moving average is $63.97.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were paid a $0.1487 dividend. This represents a $0.59 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, September 25th.

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.