Milestones Private Investment Advisors LLC Takes $1.30 Million Position in First Trust Rising Dividend Achievers ETF $RDVY

Milestones Private Investment Advisors LLC bought a new position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 20,657 shares of the company’s stock, valued at approximately $1,296,000.

A number of other large investors also recently bought and sold shares of the business. Compass Financial Services Inc purchased a new stake in First Trust Rising Dividend Achievers ETF in the first quarter worth about $26,000. Farmers & Merchants Investments Inc. purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the second quarter valued at approximately $26,000. SVB Wealth LLC bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter worth approximately $29,000. Rise Advisors LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter worth approximately $31,000. Finally, Private Wealth Asset Management LLC increased its position in First Trust Rising Dividend Achievers ETF by 201.1% during the 2nd quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock valued at $33,000 after buying an additional 352 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Trading Down 1.0%

Shares of NASDAQ:RDVY opened at $69.97 on Monday. The stock has a fifty day simple moving average of $67.51 and a two-hundred day simple moving average of $65.24. First Trust Rising Dividend Achievers ETF has a 12-month low of $50.27 and a 12-month high of $70.71. The stock has a market capitalization of $18.28 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be given a $0.1996 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15.

First Trust Rising Dividend Achievers ETF 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.