First Trust Rising Dividend Achievers ETF $RDVY Stock: Commonwealth Equity Services LLC Raises Position

Commonwealth Equity Services LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 0.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,720,865 shares of the company’s stock after acquiring an additional 52,059 shares during the period. First Trust Rising Dividend Achievers ETF comprises 0.6% of Commonwealth Equity Services LLC’s investment portfolio, making the stock its 24th biggest holding. Commonwealth Equity Services LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $447,887,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Kestra Private Wealth Services LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 5.7% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 1,017,083 shares of the company’s stock worth $79,627,000 after purchasing an additional 55,086 shares during the last quarter. Clear Point Advisors Inc. grew its stake in shares of First Trust Rising Dividend Achievers ETF by 15.2% during the third quarter. Clear Point Advisors Inc. now owns 5,458 shares of the company’s stock worth $427,000 after purchasing an additional 720 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 6.6% in the third quarter. Chicago Partners Investment Group LLC now owns 17,857 shares of the company’s stock valued at $1,405,000 after buying an additional 1,111 shares during the last quarter. Ascent Group LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 12.3% in the third quarter. Ascent Group LLC now owns 2,786 shares of the company’s stock valued at $218,000 after buying an additional 306 shares during the last quarter. Finally, Southern Financial Group LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 2.3% in the third quarter. Southern Financial Group LLC now owns 25,858 shares of the company’s stock valued at $2,024,000 after buying an additional 574 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

First Trust Rising Dividend Achievers ETF stock opened at $77.99 on Friday. First Trust Rising Dividend Achievers ETF has a 1-year low of $64.99 and a 1-year high of $84.02. The stock has a market cap of $25.08 billion, a PE ratio of 15.46 and a beta of 1.01. The stock’s fifty day moving average is $79.79 and its two-hundred day moving average is $76.54.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a dividend of $0.1521 per share. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.61 annualized dividend and a dividend yield of 0.8%.

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.