Foundations Investment Advisors LLC Has $21.46 Million Position in First Trust Rising Dividend Achievers ETF $RDVY

Foundations Investment Advisors LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 15.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 319,101 shares of the company’s stock after purchasing an additional 41,511 shares during the period. Foundations Investment Advisors LLC owned 0.12% of First Trust Rising Dividend Achievers ETF worth $21,463,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. raised its stake in First Trust Rising Dividend Achievers ETF by 15.9% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 80,000 shares of the company’s stock worth $5,381,000 after buying an additional 11,000 shares during the period. BankPlus Wealth Management LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 35.6% in the third quarter. BankPlus Wealth Management LLC now owns 37,597 shares of the company’s stock worth $2,529,000 after acquiring an additional 9,866 shares in the last quarter. Forefront Wealth Partners LLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the third quarter worth about $2,859,000. Total Clarity Wealth Management Inc. lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 6.0% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 102,900 shares of the company’s stock valued at $6,456,000 after purchasing an additional 5,787 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. grew its position in shares of First Trust Rising Dividend Achievers ETF by 185.4% in the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 48,353 shares of the company’s stock valued at $3,252,000 after purchasing an additional 31,411 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ RDVY opened at $72.72 on Thursday. The stock has a market cap of $20.39 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. The business has a 50 day simple moving average of $70.28 and a 200 day simple moving average of $67.40. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $73.11.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.1996 per share. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend 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.