U.S. Capital Wealth Advisors LLC Purchases 27,494 Shares of First Trust Rising Dividend Achievers ETF $RDVY

U.S. Capital Wealth Advisors LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 31.3% in the third quarter, HoldingsChannel reports. The fund owned 115,471 shares of the company’s stock after purchasing an additional 27,494 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $7,767,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Total Clarity Wealth Management Inc. grew its position in First Trust Rising Dividend Achievers ETF by 6.0% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 102,900 shares of the company’s stock worth $6,456,000 after purchasing an additional 5,787 shares during the last quarter. Robertson Stephens Wealth Management LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the second quarter valued at $249,000. Novem Group grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 3.0% during the second quarter. Novem Group now owns 19,090 shares of the company’s stock valued at $1,198,000 after buying an additional 555 shares during the last quarter. Baird Financial Group Inc. increased its position in shares of First Trust Rising Dividend Achievers ETF by 4.5% in the 2nd quarter. Baird Financial Group Inc. now owns 906,359 shares of the company’s stock valued at $56,865,000 after acquiring an additional 38,793 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in First Trust Rising Dividend Achievers ETF by 61.4% in the 1st quarter. Jones Financial Companies Lllp now owns 688,084 shares of the company’s stock worth $39,929,000 after acquiring an additional 261,781 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY opened at $69.90 on Friday. The stock has a 50-day moving average of $67.79 and a two-hundred day moving average of $65.49. The stock has a market cap of $18.26 billion, a P/E ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $70.71.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be given a $0.1996 dividend. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date 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.