First Trust Rising Dividend Achievers ETF $RDVY Stock Bought by Wedbush Securities Inc.

Wedbush Securities Inc. grew its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 32.6% in the 3rd quarter, Holdings Channel reports. The fund owned 112,607 shares of the company’s stock after buying an additional 27,671 shares during the period. Wedbush Securities Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $8,816,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC lifted its stake in First Trust Rising Dividend Achievers ETF by 1,520.4% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 722,842 shares of the company’s stock valued at $49,356,000 after purchasing an additional 678,232 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in First Trust Rising Dividend Achievers ETF by 12.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,492,637 shares of the company’s stock worth $283,113,000 after acquiring an additional 379,961 shares during the last quarter. Royal Bank of Canada grew its position in First Trust Rising Dividend Achievers ETF by 6.5% during the 1st quarter. Royal Bank of Canada now owns 5,030,578 shares of the company’s stock worth $343,487,000 after acquiring an additional 307,823 shares during the last quarter. Cetera Investment Advisers increased its holdings in First Trust Rising Dividend Achievers ETF by 8.0% in the 1st quarter. Cetera Investment Advisers now owns 4,044,145 shares of the company’s stock worth $276,134,000 after purchasing an additional 299,620 shares in the last quarter. Finally, Independent Financial Group LLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the first quarter valued at about $18,560,000.

First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ RDVY traded down $0.97 during trading hours on Friday, reaching $78.70. The company’s stock had a trading volume of 1,488,032 shares, compared to its average volume of 1,282,434. The firm has a fifty day simple moving average of $80.30 and a 200-day simple moving average of $78.48. First Trust Rising Dividend Achievers ETF has a 52 week low of $64.99 and a 52 week high of $84.02. The stock has a market cap of $25.22 billion, a P/E ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a $0.1521 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474.

First Trust Rising Dividend Achievers ETF 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.