AE Wealth Management LLC Has $6.28 Million Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

AE Wealth Management LLC boosted its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 33.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,411 shares of the company’s stock after acquiring an additional 23,437 shares during the quarter. AE Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $6,283,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. First Horizon Corp bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the third quarter valued at about $25,000. Cullen Frost Bankers Inc. acquired a new stake in First Trust Rising Dividend Achievers ETF in the 3rd quarter valued at approximately $28,000. Mather Group LLC. bought a new stake in First Trust Rising Dividend Achievers ETF in the 3rd quarter valued at approximately $31,000. Private Wealth Asset Management LLC boosted its position in First Trust Rising Dividend Achievers ETF by 201.1% during the 2nd quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock worth $33,000 after acquiring an additional 352 shares during the last quarter. Finally, Quaker Wealth Management LLC boosted its position in First Trust Rising Dividend Achievers ETF by 200.2% during the 2nd quarter. Quaker Wealth Management LLC now owns 568 shares of the company’s stock worth $36,000 after acquiring an additional 1,135 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Down 1.3%

Shares of RDVY stock opened at $72.27 on Friday. First Trust Rising Dividend Achievers ETF has a 12 month low of $50.27 and a 12 month high of $73.43. The company’s fifty day simple moving average is $70.57 and its 200-day simple moving average is $67.50. The firm has a market cap of $20.33 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. Shareholders of record on Friday, December 12th were given a dividend of $0.1996 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend 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.