Gateway Wealth Partners LLC Boosts Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Gateway Wealth Partners LLC lifted its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 9.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 114,021 shares of the company’s stock after purchasing an additional 10,255 shares during the period. First Trust Rising Dividend Achievers ETF makes up 1.0% of Gateway Wealth Partners LLC’s holdings, making the stock its 20th biggest holding. Gateway Wealth Partners LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $7,669,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Confluence Wealth Services Inc. raised its stake in shares of First Trust Rising Dividend Achievers ETF by 1.2% in the third quarter. Confluence Wealth Services Inc. now owns 12,638 shares of the company’s stock valued at $850,000 after acquiring an additional 153 shares in the last quarter. Howard Bailey Securities LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 4.6% during the 3rd quarter. Howard Bailey Securities LLC now owns 3,673 shares of the company’s stock worth $247,000 after purchasing an additional 160 shares during the period. Centerpoint Advisory Group raised its position in First Trust Rising Dividend Achievers ETF by 0.5% in the 2nd quarter. Centerpoint Advisory Group now owns 33,586 shares of the company’s stock valued at $2,107,000 after purchasing an additional 172 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 1.4% in the 3rd quarter. HBK Sorce Advisory LLC now owns 12,857 shares of the company’s stock valued at $865,000 after buying an additional 183 shares during the period. Finally, Moors & Cabot Inc. boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 2.4% in the 2nd quarter. Moors & Cabot Inc. now owns 8,218 shares of the company’s stock valued at $516,000 after buying an additional 194 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY stock opened at $73.06 on Friday. The company’s 50 day moving average price is $71.02 and its 200 day moving average price is $67.86. The firm has a market capitalization of $20.61 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 $73.43.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.