Silver Oak Securities Incorporated Has $17.39 Million Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

Silver Oak Securities Incorporated raised its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 13.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 258,506 shares of the company’s stock after purchasing an additional 30,269 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for approximately 1.3% of Silver Oak Securities Incorporated’s holdings, making the stock its 10th largest holding. Silver Oak Securities Incorporated’s holdings in First Trust Rising Dividend Achievers ETF were worth $17,387,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RDVY. Compass Financial Services Inc bought a new position in shares of First Trust Rising Dividend Achievers ETF during the first quarter worth about $26,000. Farmers & Merchants Investments Inc. acquired a new position in First Trust Rising Dividend Achievers ETF during the 2nd quarter worth approximately $26,000. Rise Advisors LLC acquired a new position in First Trust Rising Dividend Achievers ETF during the 1st quarter worth approximately $31,000. Mather Group LLC. bought a new position in shares of First Trust Rising Dividend Achievers ETF during the 3rd quarter worth approximately $31,000. Finally, Private Wealth Asset Management LLC grew its stake in shares of 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 acquiring an additional 352 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Down 1.0%

Shares of RDVY stock opened at $69.47 on Friday. The company’s fifty day simple moving average is $68.45 and its 200-day simple moving average is $66.07. The firm has a market cap of $18.15 billion, a PE ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a 12 month low of $50.27 and a 12 month high of $70.88.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.1996 per share. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.80 annualized dividend and a yield of 1.1%.

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.