First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Shares Acquired by Raymond James & Associates

Raymond James & Associates boosted its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,753,855 shares of the company’s stock after acquiring an additional 47,982 shares during the quarter. Raymond James & Associates’ holdings in First Trust Rising Dividend Achievers ETF were worth $154,684,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in RDVY. LPL Financial LLC raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.5% in the 3rd quarter. LPL Financial LLC now owns 16,132,424 shares of the company’s stock worth $741,285,000 after purchasing an additional 689,605 shares during the period. Morgan Stanley grew its stake in First Trust Rising Dividend Achievers ETF by 8.1% during the third quarter. Morgan Stanley now owns 12,995,589 shares of the company’s stock worth $597,147,000 after buying an additional 969,819 shares during the period. Wells Fargo & Company MN increased its position in shares of First Trust Rising Dividend Achievers ETF by 1.0% in the fourth quarter. Wells Fargo & Company MN now owns 7,955,014 shares of the company’s stock worth $411,036,000 after acquiring an additional 79,637 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 5,519.6% in the 4th quarter. International Assets Investment Management LLC now owns 6,615,517 shares of the company’s stock valued at $341,824,000 after acquiring an additional 6,497,795 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of First Trust Rising Dividend Achievers ETF by 10.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,803,282 shares of the company’s stock valued at $299,856,000 after acquiring an additional 557,879 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Up 0.5 %

Shares of RDVY traded up $0.26 during mid-day trading on Monday, reaching $54.50. 535,786 shares of the stock traded hands, compared to its average volume of 795,335. The stock has a fifty day simple moving average of $54.19 and a 200 day simple moving average of $50.86. First Trust Rising Dividend Achievers ETF has a 12-month low of $42.42 and a 12-month high of $56.28. The firm has a market cap of $10.30 billion, a price-to-earnings ratio of 9.78 and a beta of 1.15.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were issued a dividend of $0.2238 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.64%.

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.