First Trust Rising Dividend Achievers ETF $RDVY Stock Bought by Wedbush Securities Inc.

Wedbush Securities Inc. lifted its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 32.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,607 shares of the company’s stock after buying an additional 27,671 shares during the period. Wedbush Securities Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $8,816,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Kings Path Partners LLC acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the third quarter valued at approximately $27,000. Bessemer Group Inc. bought a new stake in First Trust Rising Dividend Achievers ETF during the first quarter worth about $29,000. Anchor Investment Management LLC acquired a new position in First Trust Rising Dividend Achievers ETF during the first quarter valued at approximately $34,000. Rosenberg Matthew Hamilton acquired a new position in First Trust Rising Dividend Achievers ETF during the third quarter valued at approximately $43,000. Finally, Thompson Investment Management Inc. acquired a new position in First Trust Rising Dividend Achievers ETF during the second quarter valued at approximately $56,000.

First Trust Rising Dividend Achievers ETF Stock Down 1.2%

Shares of NASDAQ RDVY traded down $0.97 during trading hours on Friday, hitting $78.70. The company had a trading volume of 1,488,032 shares, compared to its average volume of 1,282,434. First Trust Rising Dividend Achievers ETF has a 1-year low of $64.99 and a 1-year high of $84.02. The firm’s 50 day moving average is $80.30 and its 200-day moving average is $78.48. The stock has a market capitalization of $25.22 billion, a P/E ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a dividend of $0.1521 per share. This represents a $0.61 annualized dividend and a 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 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.