First Trust Rising Dividend Achievers ETF $RDVY Stock Purchased by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 6.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 189,156 shares of the company’s stock after purchasing an additional 11,319 shares during the period. Cornerstone Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $14,809,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in RDVY. Bank of America Corp DE raised its stake in shares of First Trust Rising Dividend Achievers ETF by 3.0% in the 1st quarter. Bank of America Corp DE now owns 7,444,315 shares of the company’s stock valued at $508,298,000 after acquiring an additional 219,060 shares during the period. Commonwealth Equity Services LLC boosted its position in First Trust Rising Dividend Achievers ETF by 0.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 5,720,865 shares of the company’s stock worth $447,887,000 after purchasing an additional 52,059 shares during the period. Envestnet Asset Management Inc. increased its holdings in First Trust Rising Dividend Achievers ETF by 1.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,503,234 shares of the company’s stock valued at $446,092,000 after purchasing an additional 86,684 shares in the last quarter. Royal Bank of Canada raised its position in First Trust Rising Dividend Achievers ETF by 6.5% in the first quarter. Royal Bank of Canada now owns 5,030,578 shares of the company’s stock valued at $343,487,000 after purchasing an additional 307,823 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 12.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,492,637 shares of the company’s stock worth $283,113,000 after purchasing an additional 379,961 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ RDVY opened at $79.36 on Wednesday. First Trust Rising Dividend Achievers ETF has a 1-year low of $64.99 and a 1-year high of $84.02. The company has a market capitalization of $25.58 billion, a price-to-earnings ratio of 15.82 and a beta of 1.02. The business has a 50-day moving average of $79.60 and a 200-day moving average of $76.65.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a $0.1521 dividend. This represents a $0.61 annualized dividend and a dividend yield of 0.8%. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474. The ex-dividend date was Thursday, September 24th.

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.