Chris Bulman Inc Purchases 55,611 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Chris Bulman Inc raised its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 65.2% in the third quarter, Holdings Channel.com reports. The fund owned 140,889 shares of the company’s stock after buying an additional 55,611 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up 4.7% of Chris Bulman Inc’s investment portfolio, making the stock its 4th largest position. Chris Bulman Inc’s holdings in First Trust Rising Dividend Achievers ETF were worth $9,476,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. raised its position in First Trust Rising Dividend Achievers ETF by 11.4% during the first quarter. Russell Investments Group Ltd. now owns 4,231 shares of the company’s stock worth $248,000 after acquiring an additional 432 shares during the last quarter. Trexquant Investment LP grew its position in shares of First Trust Rising Dividend Achievers ETF by 6.2% in the first quarter. Trexquant Investment LP now owns 5,307 shares of the company’s stock valued at $311,000 after purchasing an additional 308 shares during the period. Royal Bank of Canada grew its holdings in First Trust Rising Dividend Achievers ETF by 3.5% in the first quarter. Royal Bank of Canada now owns 3,521,054 shares of the company’s stock valued at $206,123,000 after purchasing an additional 118,032 shares during the period. Focus Partners Advisor Solutions LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 92.2% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 11,142 shares of the company’s stock worth $652,000 after purchasing an additional 5,344 shares during the period. Finally, AQR Capital Management LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 70.2% in the 1st quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock valued at $1,819,000 after purchasing an additional 12,820 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ:RDVY opened at $70.16 on Wednesday. The stock has a market cap of $18.33 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. The business’s 50-day simple moving average is $68.35 and its 200 day simple moving average is $66.02. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $70.88.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be given a dividend of $0.1996 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is 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 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.