Stephens Inc. AR Grows Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Stephens Inc. AR lifted its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 6.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 115,227 shares of the company’s stock after acquiring an additional 7,206 shares during the quarter. Stephens Inc. AR’s holdings in First Trust Rising Dividend Achievers ETF were worth $8,005,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. IMG Wealth Management Inc. grew its position in shares of First Trust Rising Dividend Achievers ETF by 6.5% in the 4th quarter. IMG Wealth Management Inc. now owns 78,682 shares of the company’s stock worth $5,466,000 after buying an additional 4,772 shares during the period. Petix & Botte Co grew its position in shares of First Trust Rising Dividend Achievers ETF by 17.2% in the 4th quarter. Petix & Botte Co now owns 163,375 shares of the company’s stock worth $11,350,000 after buying an additional 24,026 shares during the period. Cornerstone Wealth Management LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 2.7% in the 4th quarter. Cornerstone Wealth Management LLC now owns 168,524 shares of the company’s stock worth $11,707,000 after buying an additional 4,446 shares during the period. PCG Wealth Advisors LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 15.3% in the 4th quarter. PCG Wealth Advisors LLC now owns 41,941 shares of the company’s stock worth $2,914,000 after buying an additional 5,572 shares during the period. Finally, Pinnacle Associates Ltd. grew its position in First Trust Rising Dividend Achievers ETF by 2.3% during the 4th quarter. Pinnacle Associates Ltd. now owns 204,561 shares of the company’s stock valued at $14,211,000 after purchasing an additional 4,566 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY stock opened at $73.64 on Friday. First Trust Rising Dividend Achievers ETF has a one year low of $59.01 and a one year high of $75.75. The company’s 50-day moving average is $71.58 and its 200 day moving average is $70.71. The company has a market capitalization of $21.63 billion, a price-to-earnings ratio of 15.46 and a beta of 1.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.1813 per share. This represents a $0.73 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, March 26th.

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.