Touchstone Capital Inc. Takes Position in First Trust Rising Dividend Achievers ETF $RDVY

Touchstone Capital Inc. acquired a new position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,331 shares of the company’s stock, valued at approximately $1,367,000. First Trust Rising Dividend Achievers ETF makes up about 0.7% of Touchstone Capital Inc.’s investment portfolio, making the stock its 24th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of RDVY. First Horizon Corp bought a new position in shares of First Trust Rising Dividend Achievers ETF during the 3rd quarter worth $25,000. Farmers & Merchants Investments Inc. bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the second quarter valued at about $26,000. Mather Group LLC. purchased a new stake in First Trust Rising Dividend Achievers ETF in the third quarter worth about $31,000. Private Wealth Asset Management LLC grew its holdings 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 worth $33,000 after acquiring an additional 352 shares in the last quarter. Finally, Quaker Wealth Management LLC grew its holdings in 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 worth $36,000 after acquiring an additional 1,135 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ:RDVY opened at $72.04 on Wednesday. The firm has a 50-day simple moving average of $69.13 and a 200-day simple moving average of $66.73. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $72.89. The firm has a market cap of $19.85 billion, a P/E ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given 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 annualized dividend and a yield of 1.1%.

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.