Signature Estate & Investment Advisors LLC Has $3.29 Million Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Signature Estate & Investment Advisors LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 19.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,343 shares of the company’s stock after buying an additional 7,565 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $3,289,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Inc. raised its holdings in First Trust Rising Dividend Achievers ETF by 1.8% during the 2nd quarter. Raymond James Financial Inc. now owns 11,201,473 shares of the company’s stock worth $702,780,000 after buying an additional 198,938 shares during the period. Ameriprise Financial Inc. raised its holdings in First Trust Rising Dividend Achievers ETF by 10.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,790,897 shares of the company’s stock worth $523,914,000 after buying an additional 716,800 shares during the period. Bank of America Corp DE raised its holdings in First Trust Rising Dividend Achievers ETF by 7.0% during the 3rd quarter. Bank of America Corp DE now owns 6,992,315 shares of the company’s stock worth $470,303,000 after buying an additional 455,258 shares during the period. UBS Group AG increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.4% in the 4th quarter. UBS Group AG now owns 5,994,505 shares of the company’s stock valued at $416,438,000 after purchasing an additional 254,241 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 13.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock valued at $329,979,000 after purchasing an additional 577,318 shares during the period.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of RDVY opened at $75.24 on Friday. The company has a market capitalization of $22.10 billion, a price-to-earnings ratio of 15.46 and a beta of 1.02. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $59.01 and a fifty-two week high of $75.75. The business’s 50-day moving average is $72.01 and its 200-day moving average is $70.94.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.