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

Stephens Inc. AR increased its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 10.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,021 shares of the company’s stock after acquiring an additional 9,852 shares during the quarter. Stephens Inc. AR’s holdings in First Trust Rising Dividend Achievers ETF were worth $7,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Horizon Corp bought a new position in shares of First Trust Rising Dividend Achievers ETF in the third quarter worth approximately $25,000. Farmers & Merchants Investments Inc. bought a new stake in First Trust Rising Dividend Achievers ETF during the 2nd quarter valued at $26,000. Mather Group LLC. purchased a new stake in First Trust Rising Dividend Achievers ETF during the 3rd quarter valued at $31,000. Private Wealth Asset Management LLC grew its holdings in First Trust Rising Dividend Achievers ETF by 201.1% in the 2nd quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock worth $33,000 after acquiring an additional 352 shares during the last quarter. Finally, Quaker Wealth Management LLC grew its holdings in First Trust Rising Dividend Achievers ETF by 200.2% in the 2nd quarter. Quaker Wealth Management LLC now owns 568 shares of the company’s stock worth $36,000 after acquiring an additional 1,135 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Trading Down 0.1%

Shares of NASDAQ:RDVY opened at $71.99 on Thursday. The company has a 50-day moving average price of $69.21 and a 200-day moving average price of $66.76. The company has a market cap of $19.96 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 $72.89.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.1996 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15.

First Trust Rising Dividend Achievers ETF Company 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.