Trueblood Wealth Management LLC Buys 231 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Trueblood Wealth Management LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 1.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,190 shares of the company’s stock after buying an additional 231 shares during the period. Trueblood Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $890,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farmers & Merchants Investments Inc. bought a new position in shares of First Trust Rising Dividend Achievers ETF during the 2nd quarter worth approximately $26,000. Compass Financial Services Inc bought a new position in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter worth approximately $26,000. SVB Wealth LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter worth approximately $29,000. Rise Advisors LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter worth approximately $31,000. Finally, Raleigh Capital Management Inc. boosted its holdings 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 worth $41,000 after buying an additional 165 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

First Trust Rising Dividend Achievers ETF stock opened at $67.89 on Tuesday. The stock has a market capitalization of $17.42 billion, a price-to-earnings ratio of 15.46 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $68.07. The stock’s 50 day moving average price is $65.64 and its two-hundred day moving average price is $61.77.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.1487 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, September 25th.

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.