Kestra Private Wealth Services LLC Boosts Holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Kestra Private Wealth Services LLC increased its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 63.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 556,148 shares of the company’s stock after buying an additional 216,616 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises approximately 0.7% of Kestra Private Wealth Services LLC’s portfolio, making the stock its 18th largest position. Kestra Private Wealth Services LLC owned about 0.31% of First Trust Rising Dividend Achievers ETF worth $28,736,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in RDVY. Silver Oak Securities Incorporated raised its holdings in First Trust Rising Dividend Achievers ETF by 0.9% in the 4th quarter. Silver Oak Securities Incorporated now owns 184,370 shares of the company’s stock valued at $9,526,000 after buying an additional 1,645 shares during the period. Principle Wealth Partners LLC increased its position in shares of First Trust Rising Dividend Achievers ETF by 16.7% during the fourth quarter. Principle Wealth Partners LLC now owns 8,185 shares of the company’s stock valued at $423,000 after acquiring an additional 1,172 shares during the last quarter. Opinicus Capital Inc. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter valued at approximately $998,000. Valmark Advisers Inc. lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 2.6% in the 4th quarter. Valmark Advisers Inc. now owns 253,875 shares of the company’s stock worth $13,118,000 after acquiring an additional 6,460 shares during the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter worth approximately $208,000.

First Trust Rising Dividend Achievers ETF Trading Up 0.5 %

First Trust Rising Dividend Achievers ETF stock traded up $0.26 during trading on Monday, hitting $54.50. The company had a trading volume of 535,786 shares, compared to its average volume of 795,335. The stock 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 has a 1-year low of $42.42 and a 1-year high of $56.28. The company’s 50 day simple moving average is $54.14 and its 200-day simple moving average is $50.79.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.