First Trust Rising Dividend Achievers ETF $RDVY Stock Holdings Boosted by IFG Advisory LLC

IFG Advisory LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 258,479 shares of the company’s stock after acquiring an additional 11,619 shares during the period. First Trust Rising Dividend Achievers ETF makes up about 0.7% of IFG Advisory LLC’s investment portfolio, making the stock its 21st biggest position. IFG Advisory LLC owned 0.08% of First Trust Rising Dividend Achievers ETF worth $20,236,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. ODonnell Financial Services LLC increased its stake in First Trust Rising Dividend Achievers ETF by 2.3% in the third quarter. ODonnell Financial Services LLC now owns 384,826 shares of the company’s stock valued at $30,128,000 after acquiring an additional 8,538 shares during the period. MSH Capital Advisors LLC raised its position in First Trust Rising Dividend Achievers ETF by 68.6% in the third quarter. MSH Capital Advisors LLC now owns 9,497 shares of the company’s stock worth $744,000 after purchasing an additional 3,863 shares in the last quarter. Stonebridge Financial Planning Group LLC raised its position in First Trust Rising Dividend Achievers ETF by 10.0% in the third quarter. Stonebridge Financial Planning Group LLC now owns 82,393 shares of the company’s stock worth $6,451,000 after purchasing an additional 7,462 shares in the last quarter. Moors & Cabot Inc. lifted its stake in First Trust Rising Dividend Achievers ETF by 8.6% during the third quarter. Moors & Cabot Inc. now owns 16,385 shares of the company’s stock worth $1,283,000 after purchasing an additional 1,296 shares during the period. Finally, Money Concepts Capital Corp lifted its stake in First Trust Rising Dividend Achievers ETF by 10.8% during the third quarter. Money Concepts Capital Corp now owns 17,214 shares of the company’s stock worth $1,348,000 after purchasing an additional 1,683 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ RDVY traded down $0.03 during trading on Friday, reaching $79.69. 916,771 shares of the company traded hands, compared to its average volume of 1,288,049. First Trust Rising Dividend Achievers ETF has a 1-year low of $64.99 and a 1-year high of $84.02. The company has a market cap of $25.68 billion, a price-to-earnings ratio of 15.82 and a beta of 1.01. The stock’s 50 day moving average price is $79.51 and its two-hundred day moving average price is $76.76.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a dividend of $0.1521 per share. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474. The ex-dividend date was Thursday, September 24th. This represents a $0.61 annualized dividend and a dividend yield of 0.8%.

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.