First Trust Rising Dividend Achievers ETF $RDVY Position Boosted by Synovus Financial Corp

Synovus Financial Corp boosted its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 80.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,585 shares of the company’s stock after acquiring an additional 11,412 shares during the quarter. Synovus Financial Corp’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,722,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in RDVY. First Horizon Corp acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the third quarter valued at $25,000. Cullen Frost Bankers Inc. bought a new position in First Trust Rising Dividend Achievers ETF in the 3rd quarter valued at about $28,000. Mather Group LLC. bought a new position in First Trust Rising Dividend Achievers ETF in the 3rd quarter valued at about $31,000. Quaker Wealth Management LLC increased its stake 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 valued at $36,000 after buying an additional 1,135 shares during the period. Finally, Collier Financial bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the 3rd quarter worth about $41,000.

First Trust Rising Dividend Achievers ETF Price Performance

First Trust Rising Dividend Achievers ETF stock opened at $73.12 on Friday. First Trust Rising Dividend Achievers ETF has a 12-month low of $50.27 and a 12-month high of $73.43. The stock has a market capitalization of $20.63 billion, a PE ratio of 15.46 and a beta of 1.10. The firm has a 50 day simple moving average of $71.64 and a 200-day simple moving average of $68.46.

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 paid a $0.1996 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost 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.