First Heartland Consultants Inc. Buys 17,992 Shares of First Trust Rising Dividend Achievers ETF $RDVY

First Heartland Consultants Inc. lifted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.9% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 382,462 shares of the company’s stock after buying an additional 17,992 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises about 2.0% of First Heartland Consultants Inc.’s portfolio, making the stock its 6th largest holding. First Heartland Consultants Inc. owned approximately 0.15% of First Trust Rising Dividend Achievers ETF worth $25,724,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of RDVY. Ameriprise Financial Inc. raised its holdings in First Trust Rising Dividend Achievers ETF by 15.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock valued at $442,526,000 after acquiring an additional 957,587 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 26.5% during the second quarter. Envestnet Asset Management Inc. now owns 4,328,699 shares of the company’s stock worth $271,583,000 after acquiring an additional 907,673 shares during the period. JPMorgan Chase & Co. grew its position in shares of First Trust Rising Dividend Achievers ETF by 74.0% in the third quarter. JPMorgan Chase & Co. now owns 1,707,049 shares of the company’s stock valued at $114,816,000 after purchasing an additional 725,742 shares during the last quarter. Bank of America Corp DE grew its position in shares of First Trust Rising Dividend Achievers ETF by 4.1% in the second quarter. Bank of America Corp DE now owns 6,537,057 shares of the company’s stock valued at $410,135,000 after purchasing an additional 258,172 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of First Trust Rising Dividend Achievers ETF by 27.4% during the third quarter. Jones Financial Companies Lllp now owns 1,153,826 shares of the company’s stock worth $77,572,000 after purchasing an additional 248,261 shares during the period.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY opened at $71.70 on Tuesday. The business has a fifty day simple moving average of $71.67 and a 200 day simple moving average of $68.55. The company has a market capitalization of $20.23 billion, a PE ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $73.43.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.1996 per share. 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 dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, December 12th.

First Trust Rising Dividend Achievers ETF Company 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.