Independent Financial Group LLC Takes Position in First Trust Rising Dividend Achievers ETF $RDVY

Independent Financial Group LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 271,821 shares of the company’s stock, valued at approximately $18,560,000. First Trust Rising Dividend Achievers ETF comprises approximately 0.6% of Independent Financial Group LLC’s investment portfolio, making the stock its 23rd largest holding. Independent Financial Group LLC owned about 0.09% of First Trust Rising Dividend Achievers ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Financial Perspectives Inc bought a new stake in First Trust Rising Dividend Achievers ETF in the fourth quarter valued at about $26,000. Huntington National Bank lifted its holdings in First Trust Rising Dividend Achievers ETF by 37,000.0% during the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after buying an additional 370 shares during the last quarter. Trust Co. of Vermont acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter worth approximately $27,000. United Community Bank acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter worth approximately $28,000. Finally, Anchor Investment Management LLC acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter worth approximately $34,000.

First Trust Rising Dividend Achievers ETF Trading Up 0.4%

Shares of NASDAQ RDVY opened at $80.45 on Friday. The company has a market capitalization of $24.44 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a twelve month low of $62.02 and a twelve month high of $81.36. The business has a 50 day simple moving average of $77.44 and a 200-day simple moving average of $73.69.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.1474 dividend. This represents a $0.59 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 25th.

First Trust Rising Dividend Achievers ETF Company 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.