Rockport Wealth LLC Grows Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Rockport Wealth LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 38.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 119,491 shares of the company’s stock after buying an additional 33,098 shares during the period. First Trust Rising Dividend Achievers ETF comprises 1.5% of Rockport Wealth LLC’s portfolio, making the stock its 21st largest holding. Rockport Wealth LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $8,159,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in RDVY. Financial Perspectives Inc acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter valued at approximately $26,000. Huntington National Bank grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% in the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after acquiring an additional 370 shares during the period. Trust Co. of Vermont acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter worth approximately $27,000. United Community Bank purchased a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at approximately $28,000. Finally, Anchor Investment Management LLC purchased a new position in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at approximately $34,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY stock opened at $80.15 on Thursday. The stock has a fifty day moving average price of $77.32 and a 200 day moving average price of $73.62. The stock has a market cap of $24.35 billion, a PE ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 1 year low of $61.84 and a 1 year high of $81.36.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.1474 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.59 dividend on an annualized basis 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.