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

Western Wealth Management LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 338,654 shares of the company’s stock after acquiring an additional 13,584 shares during the period. First Trust Rising Dividend Achievers ETF comprises approximately 1.1% of Western Wealth Management LLC’s holdings, making the stock its 17th largest holding. Western Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $23,526,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in RDVY. First Horizon Corp acquired a new stake in First Trust Rising Dividend Achievers ETF in the third quarter worth $25,000. Financial Perspectives Inc acquired a new stake in First Trust Rising Dividend Achievers ETF in the fourth quarter worth $26,000. Trust Co. of Vermont acquired a new stake in First Trust Rising Dividend Achievers ETF in the fourth quarter worth $27,000. Cullen Frost Bankers Inc. acquired a new stake in First Trust Rising Dividend Achievers ETF in the third quarter worth $28,000. Finally, United Community Bank acquired a new stake in First Trust Rising Dividend Achievers ETF in the fourth quarter worth $28,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ RDVY opened at $73.90 on Thursday. First Trust Rising Dividend Achievers ETF has a 1-year low of $59.01 and a 1-year high of $75.75. The business’s fifty day moving average price is $71.48 and its two-hundred day moving average price is $70.65. The firm has a market capitalization of $21.71 billion, a PE ratio of 15.46 and a beta of 1.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.1813 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.73 annualized dividend and a yield of 1.0%.

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.