Signal Advisors Wealth LLC Grows Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Signal Advisors Wealth LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 251.4% in the third quarter, Holdings Channel reports. The firm owned 14,020 shares of the company’s stock after buying an additional 10,030 shares during the quarter. Signal Advisors Wealth LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of RDVY. Ameriprise Financial Inc. raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 15.7% in the second quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock valued at $442,526,000 after buying an additional 957,587 shares during the last quarter. Envestnet Asset Management Inc. increased its position in First Trust Rising Dividend Achievers ETF by 26.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,328,699 shares of the company’s stock valued at $271,583,000 after acquiring an additional 907,673 shares during the period. Truist Financial Corp increased its position in First Trust Rising Dividend Achievers ETF by 44.3% in the 2nd quarter. Truist Financial Corp now owns 1,403,926 shares of the company’s stock valued at $88,082,000 after acquiring an additional 430,935 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in First Trust Rising Dividend Achievers ETF by 12.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,349,402 shares of the company’s stock valued at $137,534,000 after acquiring an additional 263,604 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in First Trust Rising Dividend Achievers ETF by 61.4% during the 1st quarter. Jones Financial Companies Lllp now owns 688,084 shares of the company’s stock worth $39,929,000 after acquiring an additional 261,781 shares during the period.

First Trust Rising Dividend Achievers ETF Trading Up 0.7%

Shares of RDVY stock opened at $69.90 on Friday. The company has a market capitalization of $18.26 billion, a P/E ratio of 15.46 and a beta of 1.10. The business’s 50 day moving average is $67.79 and its two-hundred day moving average is $65.52. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $70.71.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.