First Trust Rising Dividend Achievers ETF $RDVY Stock: Victory Financial Group LLC Boosts Position

Victory Financial Group LLC raised its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 444.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,045 shares of the company’s stock after acquiring an additional 75,958 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up 0.7% of Victory Financial Group LLC’s investment portfolio, making the stock its 26th largest position. Victory Financial Group LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $7,284,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RDVY. Basepoint Wealth LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 4.5% during the 1st quarter. Basepoint Wealth LLC now owns 3,187 shares of the company’s stock worth $218,000 after purchasing an additional 136 shares during the last quarter. Retirement Planning Group LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 1.8% in the first quarter. Retirement Planning Group LLC now owns 8,013 shares of the company’s stock valued at $547,000 after acquiring an additional 138 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 3.1% in the third quarter. Quadrant Capital Group LLC now owns 4,691 shares of the company’s stock valued at $373,000 after acquiring an additional 141 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 1.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 17,408 shares of the company’s stock valued at $1,363,000 after acquiring an additional 177 shares during the last quarter. Finally, Castleview Partners LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 2.8% during the first quarter. Castleview Partners LLC now owns 6,898 shares of the company’s stock valued at $471,000 after acquiring an additional 189 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Trading Up 0.1%

First Trust Rising Dividend Achievers ETF stock opened at $79.14 on Wednesday. The stock has a market cap of $25.36 billion, a PE ratio of 15.46 and a beta of 1.00. The stock has a 50-day moving average price of $80.16 and a 200 day moving average price of $76.29. First Trust Rising Dividend Achievers ETF has a 52 week low of $64.99 and a 52 week high of $84.02.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.1521 dividend. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474. The ex-dividend date was Thursday, September 24th. This represents a $0.61 dividend on an annualized basis and a yield of 0.8%.

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.