LVZ Inc. Purchases 17,452 Shares of First Trust Rising Dividend Achievers ETF $RDVY

LVZ Inc. increased its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 32.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 70,448 shares of the company’s stock after acquiring an additional 17,452 shares during the period. First Trust Rising Dividend Achievers ETF comprises about 0.5% of LVZ Inc.’s portfolio, making the stock its 18th biggest position. LVZ Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,738,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. First Horizon Corp purchased a new position in First Trust Rising Dividend Achievers ETF during the 3rd quarter worth $25,000. Farmers & Merchants Investments Inc. bought a new position in First Trust Rising Dividend Achievers ETF during the second quarter valued at approximately $26,000. Mather Group LLC. bought a new position in shares of First Trust Rising Dividend Achievers ETF in the third quarter worth approximately $31,000. Private Wealth Asset Management LLC increased its position 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 valued at $33,000 after purchasing an additional 352 shares during the period. Finally, Quaker Wealth Management LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 200.2% during the 2nd quarter. Quaker Wealth Management LLC now owns 568 shares of the company’s stock valued at $36,000 after buying an additional 1,135 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

First Trust Rising Dividend Achievers ETF stock opened at $72.04 on Wednesday. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $72.89. The stock has a market capitalization of $19.85 billion, a PE ratio of 15.46 and a beta of 1.10. The business’s fifty day moving average is $69.13 and its 200 day moving average is $66.73.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.