HBW Advisory Services LLC Grows Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

HBW Advisory Services LLC grew its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 157,213 shares of the company’s stock after acquiring an additional 7,014 shares during the period. First Trust Rising Dividend Achievers ETF makes up 1.1% of HBW Advisory Services LLC’s portfolio, making the stock its 14th biggest holding. HBW Advisory Services LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $10,734,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of RDVY. Balefire LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 32.1% during the fourth quarter. Balefire LLC now owns 39,521 shares of the company’s stock worth $2,746,000 after purchasing an additional 9,594 shares in the last quarter. Genesis Private Wealth LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 7.1% in the fourth quarter. Genesis Private Wealth LLC now owns 112,076 shares of the company’s stock valued at $7,786,000 after purchasing an additional 7,444 shares during the period. Cliftonlarsonallen Wealth Advisors LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter valued at approximately $743,000. Flagship Harbor Advisors LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 23.2% in the fourth quarter. Flagship Harbor Advisors LLC now owns 162,537 shares of the company’s stock valued at $11,291,000 after purchasing an additional 30,610 shares in the last quarter. Finally, DAVENPORT & Co LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 15.4% in the fourth quarter. DAVENPORT & Co LLC now owns 147,945 shares of the company’s stock valued at $10,278,000 after purchasing an additional 19,793 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Down 0.6%

Shares of RDVY opened at $79.78 on Tuesday. The company has a market cap of $24.21 billion, a P/E ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $61.84 and a fifty-two week high of $81.36. The firm’s 50 day moving average price is $77.12 and its 200 day moving average price is $73.49.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.1474 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.59 annualized dividend and a dividend yield of 0.7%.

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.