Calton & Associates Inc. Increases Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

Calton & Associates Inc. increased its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 359.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 62,912 shares of the company’s stock after purchasing an additional 49,226 shares during the period. Calton & Associates Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,231,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of RDVY. Confluence Wealth Services Inc. boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 1.2% in the third quarter. Confluence Wealth Services Inc. now owns 12,638 shares of the company’s stock worth $850,000 after acquiring an additional 153 shares during the period. Howard Bailey Securities LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 4.6% during the 3rd quarter. Howard Bailey Securities LLC now owns 3,673 shares of the company’s stock valued at $247,000 after purchasing an additional 160 shares during the period. Centerpoint Advisory Group lifted its holdings in First Trust Rising Dividend Achievers ETF by 0.5% during the 2nd quarter. Centerpoint Advisory Group now owns 33,586 shares of the company’s stock worth $2,107,000 after purchasing an additional 172 shares in the last quarter. Proactive Wealth Strategies LLC boosted its stake in First Trust Rising Dividend Achievers ETF by 0.3% in the 3rd quarter. Proactive Wealth Strategies LLC now owns 64,148 shares of the company’s stock worth $4,315,000 after purchasing an additional 174 shares during the period. Finally, HBK Sorce Advisory LLC boosted its stake in First Trust Rising Dividend Achievers ETF by 1.4% in the 3rd quarter. HBK Sorce Advisory LLC now owns 12,857 shares of the company’s stock worth $865,000 after purchasing an additional 183 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Up 0.7%

Shares of RDVY opened at $71.86 on Friday. The business’s 50-day moving average price is $71.37 and its 200-day moving average price is $68.15. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $73.43. The stock has a market cap of $20.28 billion, a PE ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently announced 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 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 dividend on an annualized basis and a yield of 1.1%.

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.