Focus Financial Network Inc. Has $8.31 Million Stake in First Trust Rising Dividend Achievers ETF $RDVY

Focus Financial Network Inc. raised its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 7.6% during the third quarter, HoldingsChannel.com reports. The fund owned 123,571 shares of the company’s stock after buying an additional 8,708 shares during the quarter. Focus Financial Network Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $8,311,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its position in shares of First Trust Rising Dividend Achievers ETF by 11.4% during the 1st quarter. Russell Investments Group Ltd. now owns 4,231 shares of the company’s stock valued at $248,000 after purchasing an additional 432 shares in the last quarter. Capital Analysts LLC lifted its stake in First Trust Rising Dividend Achievers ETF by 19.3% in the first quarter. Capital Analysts LLC now owns 15,931 shares of the company’s stock valued at $933,000 after buying an additional 2,574 shares during the period. Purus Wealth Management LLC lifted its stake in First Trust Rising Dividend Achievers ETF by 0.4% in the first quarter. Purus Wealth Management LLC now owns 50,320 shares of the company’s stock valued at $2,946,000 after buying an additional 207 shares during the period. Heritage Wealth Partners LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter worth approximately $273,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of First Trust Rising Dividend Achievers ETF by 12.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,349,402 shares of the company’s stock worth $137,534,000 after buying an additional 263,604 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Up 0.7%

NASDAQ:RDVY opened at $69.90 on Friday. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $70.71. The company has a fifty day moving average of $67.79 and a 200-day moving average of $65.49. The firm has a market capitalization of $18.26 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 declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be paid a $0.1996 dividend. This represents a $0.80 annualized dividend and a yield of 1.1%. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, December 12th.

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.