Signature Estate & Investment Advisors LLC Purchases 17,147 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Signature Estate & Investment Advisors LLC increased its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 75.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 39,778 shares of the company’s stock after buying an additional 17,147 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $2,675,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its stake 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 buying an additional 957,587 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 26.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,328,699 shares of the company’s stock valued at $271,583,000 after acquiring an additional 907,673 shares in the last quarter. Bank of America Corp DE lifted its position in First Trust Rising Dividend Achievers ETF by 4.1% during 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. Jones Financial Companies Lllp grew its position in First Trust Rising Dividend Achievers ETF by 27.4% in the third quarter. Jones Financial Companies Lllp now owns 1,153,826 shares of the company’s stock worth $77,572,000 after acquiring an additional 248,261 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 102.6% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 460,658 shares of the company’s stock worth $30,984,000 after purchasing an additional 233,305 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ RDVY opened at $73.06 on Monday. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $73.43. The stock has a market capitalization of $20.61 billion, a P/E ratio of 15.46 and a beta of 1.10. The firm’s 50 day simple moving average is $71.02 and its two-hundred day simple moving average is $67.89.

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 was Friday, December 12th.

First Trust Rising Dividend Achievers ETF 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.