15,234 First Trust Rising Dividend Achievers ETF $RDVY Shares Purchased by Fairvoy Private Wealth LLC

Fairvoy Private Wealth LLC raised its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 20.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 90,109 shares of the company’s stock after buying an additional 15,234 shares during the period. First Trust Rising Dividend Achievers ETF comprises about 1.4% of Fairvoy Private Wealth LLC’s portfolio, making the stock its 18th biggest position. Fairvoy Private Wealth LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $7,055,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Capital Square LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 5.8% in the third quarter. Capital Square LLC now owns 5,866 shares of the company’s stock worth $459,000 after purchasing an additional 319 shares in the last quarter. Independent Wealth Network Inc. lifted its stake in First Trust Rising Dividend Achievers ETF by 12.2% in the third quarter. Independent Wealth Network Inc. now owns 13,755 shares of the company’s stock valued at $1,077,000 after buying an additional 1,501 shares during the period. Onyx Bridge Wealth Group LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 2.2% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 12,665 shares of the company’s stock worth $992,000 after buying an additional 272 shares in the last quarter. Robertson Stephens Wealth Management LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 82.0% during the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 22,042 shares of the company’s stock worth $1,726,000 after buying an additional 9,928 shares in the last quarter. Finally, Encompass More Asset Management bought a new position in shares of First Trust Rising Dividend Achievers ETF during the 3rd quarter worth approximately $256,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY stock traded down $0.03 during trading hours on Monday, hitting $79.34. 1,578,271 shares of the company were exchanged, compared to its average volume of 1,283,853. The firm has a market cap of $25.41 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 $64.99 and a fifty-two week high of $84.02. The company has a 50 day simple moving average of $80.71 and a two-hundred day simple moving average of $78.17.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.