First Trust Rising Dividend Achievers ETF $RDVY Shares Acquired by Western Wealth Management LLC

Western Wealth Management LLC grew its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 353,709 shares of the company’s stock after purchasing an additional 15,055 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up 0.9% of Western Wealth Management LLC’s investment portfolio, making the stock its 19th largest position. Western Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $24,151,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Bank of America Corp DE grew its stake in shares of First Trust Rising Dividend Achievers ETF by 3.0% during the first quarter. Bank of America Corp DE now owns 7,444,315 shares of the company’s stock worth $508,298,000 after purchasing an additional 219,060 shares in the last quarter. Graney & King LLC raised its stake in First Trust Rising Dividend Achievers ETF by 20.1% in the first quarter. Graney & King LLC now owns 71,449 shares of the company’s stock valued at $4,879,000 after buying an additional 11,974 shares in the last quarter. Centaurus Financial Inc. raised its stake in First Trust Rising Dividend Achievers ETF by 187.8% in the first quarter. Centaurus Financial Inc. now owns 23,137 shares of the company’s stock valued at $1,580,000 after buying an additional 15,098 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in First Trust Rising Dividend Achievers ETF by 81.1% during the 1st quarter. Arkadios Wealth Advisors now owns 399,950 shares of the company’s stock worth $27,309,000 after buying an additional 179,136 shares during the last quarter. Finally, IFS Group LLC purchased a new stake in First Trust Rising Dividend Achievers ETF during the 1st quarter worth about $2,863,000.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ:RDVY opened at $80.80 on Friday. The stock has a 50-day simple moving average of $78.66 and a 200-day simple moving average of $74.34. The stock has a market cap of $24.73 billion, a P/E ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 1 year low of $62.02 and a 1 year high of $81.36.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.1474 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.59 annualized dividend and a yield of 0.7%.

About First Trust Rising Dividend Achievers ETF

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.