Spectrum Wealth Advisory Group LLC Has $37.17 Million Position in First Trust Rising Dividend Achievers ETF $RDVY

Spectrum Wealth Advisory Group LLC lifted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 78.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 535,049 shares of the company’s stock after acquiring an additional 235,839 shares during the period. First Trust Rising Dividend Achievers ETF makes up 13.7% of Spectrum Wealth Advisory Group LLC’s investment portfolio, making the stock its biggest position. Spectrum Wealth Advisory Group LLC owned about 0.19% of First Trust Rising Dividend Achievers ETF worth $37,170,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. J.W. Cole Advisors Inc. lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 16.0% during the 4th quarter. J.W. Cole Advisors Inc. now owns 105,998 shares of the company’s stock worth $7,334,000 after acquiring an additional 14,615 shares during the last quarter. Vise Technologies Inc. lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 70.4% during the 4th quarter. Vise Technologies Inc. now owns 163,222 shares of the company’s stock worth $11,339,000 after acquiring an additional 67,446 shares during the last quarter. Continuum Advisory LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 55.9% during the 4th quarter. Continuum Advisory LLC now owns 20,817 shares of the company’s stock worth $1,446,000 after acquiring an additional 7,463 shares during the last quarter. Lido Advisors LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 15.8% during the 4th quarter. Lido Advisors LLC now owns 3,798 shares of the company’s stock worth $257,000 after acquiring an additional 519 shares during the last quarter. Finally, REAP Financial Group LLC bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter worth $42,000.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ RDVY opened at $76.95 on Friday. First Trust Rising Dividend Achievers ETF has a 52-week low of $60.30 and a 52-week high of $77.12. The company has a market capitalization of $22.60 billion, a P/E ratio of 15.46 and a beta of 1.01. The company has a fifty day moving average of $73.25 and a 200-day moving average of $71.50.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.1813 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 26th.

First Trust Rising Dividend Achievers ETF Company 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.