Calton & Associates Inc. Boosts Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

Calton & Associates Inc. grew its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 359.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,912 shares of the company’s stock after purchasing an additional 49,226 shares during the quarter. Calton & Associates Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,231,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Ameriprise Financial Inc. increased its holdings in First Trust Rising Dividend Achievers ETF by 15.7% during the second quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock worth $442,526,000 after buying an additional 957,587 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of First Trust Rising Dividend Achievers ETF by 26.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,328,699 shares of the company’s stock valued at $271,583,000 after acquiring an additional 907,673 shares during the period. Bank of America Corp DE increased its stake in shares of First Trust Rising Dividend Achievers ETF by 4.1% during the 2nd quarter. Bank of America Corp DE now owns 6,537,057 shares of the company’s stock worth $410,135,000 after purchasing an additional 258,172 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 27.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,153,826 shares of the company’s stock worth $77,572,000 after purchasing an additional 248,261 shares during the period. Finally, Gladstone Institutional Advisory LLC raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 102.6% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 460,658 shares of the company’s stock worth $30,984,000 after purchasing an additional 233,305 shares during the period.

First Trust Rising Dividend Achievers ETF Trading Up 0.7%

Shares of NASDAQ RDVY opened at $71.86 on Friday. The stock has a fifty day simple moving average of $71.37 and a two-hundred day simple moving average of $68.15. First Trust Rising Dividend Achievers ETF has a 1-year low of $50.27 and a 1-year high of $73.43. The firm has a market cap of $20.28 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.1996 dividend. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.80 annualized dividend and a yield of 1.1%.

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.