Sound Financial Strategies Group LLC Purchases New Stake in First Trust Rising Dividend Achievers ETF $RDVY

Sound Financial Strategies Group LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the second quarter, HoldingsChannel reports. The institutional investor bought 24,601 shares of the company’s stock, valued at approximately $4,124,000. First Trust Rising Dividend Achievers ETF makes up about 2.6% of Sound Financial Strategies Group LLC’s holdings, making the stock its 8th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Huntington National Bank boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% during the fourth 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. Financial Perspectives Inc bought a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth approximately $26,000. United Community Bank bought a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth approximately $28,000. Bessemer Group Inc. bought a new position in shares of First Trust Rising Dividend Achievers ETF during the first quarter worth approximately $29,000. Finally, Anchor Investment Management LLC acquired a new stake in First Trust Rising Dividend Achievers ETF during the 1st quarter worth approximately $34,000.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY opened at $82.81 on Wednesday. The business has a fifty day simple moving average of $80.55 and a 200 day simple moving average of $75.33. First Trust Rising Dividend Achievers ETF has a 1 year low of $64.34 and a 1 year high of $84.02. The company has a market capitalization of $25.40 billion, a PE ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 0.7%.

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.