GK Wealth Management LLC Acquires Shares of 9,809 First Trust Rising Dividend Achievers ETF $RDVY

GK Wealth Management LLC acquired a new stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 9,809 shares of the company’s stock, valued at approximately $795,000.

A number of other hedge funds have also modified their holdings of the business. CoreCap Advisors LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 367.6% in the 2nd quarter. CoreCap Advisors LLC now owns 9,984 shares of the company’s stock valued at $809,000 after acquiring an additional 7,849 shares during the period. Howard Financial Services LTD. grew its position in First Trust Rising Dividend Achievers ETF by 4.0% during the 2nd quarter. Howard Financial Services LTD. now owns 299,667 shares of the company’s stock worth $24,291,000 after purchasing an additional 11,563 shares during the last quarter. Private Client Services LLC grew its position in First Trust Rising Dividend Achievers ETF by 1.8% during the 2nd quarter. Private Client Services LLC now owns 12,343 shares of the company’s stock worth $1,001,000 after purchasing an additional 218 shares during the last quarter. KERR FINANCIAL PLANNING Corp increased its stake in First Trust Rising Dividend Achievers ETF by 58.4% in the second quarter. KERR FINANCIAL PLANNING Corp now owns 8,716 shares of the company’s stock valued at $707,000 after purchasing an additional 3,215 shares during the period. Finally, Western Wealth Management LLC increased its stake in First Trust Rising Dividend Achievers ETF by 4.4% in the first quarter. Western Wealth Management LLC now owns 353,709 shares of the company’s stock valued at $24,151,000 after purchasing an additional 15,055 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:RDVY opened at $83.20 on Wednesday. First Trust Rising Dividend Achievers ETF has a one year low of $63.12 and a one year high of $83.35. The stock has a market capitalization of $25.48 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. The company has a 50-day simple moving average of $79.04 and a 200-day simple moving average of $74.55.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.1474 dividend. This represents a $0.59 annualized dividend and a yield of 0.7%. The ex-dividend date was Thursday, June 25th.

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.