First Trust Rising Dividend Achievers ETF $RDVY Position Boosted by HighTower Advisors LLC

HighTower Advisors LLC raised its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,453,245 shares of the company’s stock after acquiring an additional 45,418 shares during the quarter. HighTower Advisors LLC owned approximately 0.52% of First Trust Rising Dividend Achievers ETF worth $100,957,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Quad Cities Investment Group LLC grew its stake in First Trust Rising Dividend Achievers ETF by 0.7% during the 4th quarter. Quad Cities Investment Group LLC now owns 21,219 shares of the company’s stock valued at $1,474,000 after acquiring an additional 157 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 0.3% during the 3rd quarter. Allworth Financial LP now owns 59,767 shares of the company’s stock valued at $4,020,000 after buying an additional 159 shares during the last quarter. Howard Bailey Securities LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.6% during the 3rd quarter. Howard Bailey Securities LLC now owns 3,673 shares of the company’s stock valued at $247,000 after buying an additional 160 shares during the last quarter. Insigneo Advisory Services LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 0.8% during the 3rd quarter. Insigneo Advisory Services LLC now owns 19,956 shares of the company’s stock valued at $1,342,000 after buying an additional 163 shares during the last quarter. Finally, Proactive Wealth Strategies LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 0.3% during the 3rd quarter. Proactive Wealth Strategies LLC now owns 64,148 shares of the company’s stock valued at $4,315,000 after buying an additional 174 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of First Trust Rising Dividend Achievers ETF stock opened at $73.26 on Wednesday. The firm has a market cap of $21.52 billion, a price-to-earnings ratio of 15.46 and a beta of 1.02. First Trust Rising Dividend Achievers ETF has a 52-week low of $59.01 and a 52-week high of $75.75. The stock has a 50-day simple moving average of $71.71 and a 200-day simple moving average of $70.81.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.1813 per share. This represents a $0.73 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, March 26th.

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.