First Trust Rising Dividend Achievers ETF $RDVY Stock Holdings Lifted by ODonnell Financial Services LLC

ODonnell Financial Services LLC lifted its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 86.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 348,445 shares of the company’s stock after purchasing an additional 161,535 shares during the period. First Trust Rising Dividend Achievers ETF comprises 8.3% of ODonnell Financial Services LLC’s holdings, making the stock its 3rd biggest position. ODonnell Financial Services LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $23,436,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kovack Advisors Inc. lifted its holdings in First Trust Rising Dividend Achievers ETF by 0.6% during the third quarter. Kovack Advisors Inc. now owns 112,999 shares of the company’s stock worth $7,600,000 after buying an additional 659 shares during the period. Clear Creek Financial Management LLC lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 8.6% during the 3rd quarter. Clear Creek Financial Management LLC now owns 13,093 shares of the company’s stock worth $881,000 after purchasing an additional 1,039 shares during the last quarter. L & S Advisors Inc boosted its position in First Trust Rising Dividend Achievers ETF by 9.2% during the third quarter. L & S Advisors Inc now owns 25,569 shares of the company’s stock valued at $1,720,000 after purchasing an additional 2,155 shares in the last quarter. Synergy Investment Management LLC grew its stake in First Trust Rising Dividend Achievers ETF by 21.8% in the third quarter. Synergy Investment Management LLC now owns 11,553 shares of the company’s stock valued at $777,000 after purchasing an additional 2,068 shares during the last quarter. Finally, Synovus Financial Corp raised its holdings in First Trust Rising Dividend Achievers ETF by 80.5% in the third quarter. Synovus Financial Corp now owns 25,585 shares of the company’s stock worth $1,722,000 after purchasing an additional 11,412 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ:RDVY opened at $72.32 on Friday. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $73.43. The stock has a market capitalization of $20.41 billion, a P/E ratio of 15.46 and a beta of 1.10. The company’s 50-day simple moving average is $71.57 and its 200-day simple moving average is $68.36.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders 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. This represents a $0.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, December 12th.

About First Trust Rising Dividend Achievers ETF

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.