Rockport Wealth LLC Buys 12,688 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Rockport Wealth LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 14.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 99,979 shares of the company’s stock after purchasing an additional 12,688 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for approximately 1.4% of Rockport Wealth LLC’s portfolio, making the stock its 20th largest position. Rockport Wealth LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $6,725,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. First Horizon Corp bought a new stake in First Trust Rising Dividend Achievers ETF in the third quarter valued at $25,000. Mather Group LLC. bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the 3rd quarter valued at about $31,000. Private Wealth Asset Management LLC increased its position in shares of First Trust Rising Dividend Achievers ETF by 201.1% during the second quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock valued at $33,000 after buying an additional 352 shares during the period. Quaker Wealth Management LLC raised its stake in First Trust Rising Dividend Achievers ETF by 200.2% in the second quarter. Quaker Wealth Management LLC now owns 568 shares of the company’s stock worth $36,000 after buying an additional 1,135 shares in the last quarter. Finally, Raleigh Capital Management Inc. lifted its holdings in First Trust Rising Dividend Achievers ETF by 34.2% in the second quarter. Raleigh Capital Management Inc. now owns 648 shares of the company’s stock worth $41,000 after buying an additional 165 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY stock opened at $71.74 on Friday. The business’s 50 day moving average price is $69.88 and its two-hundred day moving average price is $67.19. The company has a market capitalization of $20.05 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $73.11.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.1996 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15.

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.