Rockport Wealth LLC Acquires 12,688 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Rockport Wealth LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 14.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 99,979 shares of the company’s stock after purchasing an additional 12,688 shares during the period. First Trust Rising Dividend Achievers ETF accounts for approximately 1.4% of Rockport Wealth LLC’s investment portfolio, making the stock its 20th biggest position. Rockport Wealth LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $6,725,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. First Horizon Corp acquired a new stake in First Trust Rising Dividend Achievers ETF during the 3rd quarter worth about $25,000. Mather Group LLC. bought a new stake in First Trust Rising Dividend Achievers ETF in the third quarter worth approximately $31,000. Private Wealth Asset Management LLC boosted its holdings in shares of 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 worth $33,000 after buying an additional 352 shares in the last quarter. Quaker Wealth Management LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 200.2% during the 2nd quarter. Quaker Wealth Management LLC now owns 568 shares of the company’s stock worth $36,000 after buying an additional 1,135 shares during the period. Finally, Raleigh Capital Management Inc. lifted its position in shares of First Trust Rising Dividend Achievers ETF by 34.2% during the 2nd quarter. Raleigh Capital Management Inc. now owns 648 shares of the company’s stock valued at $41,000 after acquiring an additional 165 shares during the period.

First Trust Rising Dividend Achievers ETF Trading Down 0.7%

NASDAQ:RDVY opened at $71.74 on Friday. The stock has a market capitalization of $20.05 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a 12 month low of $50.27 and a 12 month high of $73.11. The firm has a fifty day simple moving average of $69.88 and a two-hundred day simple moving average of $67.19.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.1996 dividend. The ex-dividend date was Friday, December 12th. This is a positive change 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%.

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.