Wealth Enhancement Advisory Services LLC Grows Position in First Trust Rising Dividend Achievers ETF $RDVY

Wealth Enhancement Advisory Services LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 17.4% in the third quarter, Holdings Channel.com reports. The fund owned 285,147 shares of the company’s stock after purchasing an additional 42,318 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $19,168,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of RDVY. First Horizon Corp purchased a new stake in First Trust Rising Dividend Achievers ETF in the 3rd quarter worth $25,000. Farmers & Merchants Investments Inc. purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the second quarter valued at about $26,000. Mather Group LLC. bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the third quarter worth about $31,000. Private Wealth Asset Management LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 201.1% in the second quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock worth $33,000 after buying an additional 352 shares in the last quarter. Finally, Quaker Wealth Management LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 200.2% in the second quarter. Quaker Wealth Management LLC now owns 568 shares of the company’s stock worth $36,000 after buying an additional 1,135 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ RDVY opened at $72.45 on Thursday. First Trust Rising Dividend Achievers ETF has a 1-year low of $50.27 and a 1-year high of $73.11. The business has a 50 day simple moving average of $69.68 and a two-hundred day simple moving average of $67.09. The stock has a market capitalization of $20.25 billion, a PE ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.1996 dividend. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a yield of 1.1%. The ex-dividend date was 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.