Truist Financial Corp Has $107.14 Million Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Truist Financial Corp increased its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 13.5% during the third quarter, Holdings Channel reports. The fund owned 1,592,895 shares of the company’s stock after purchasing an additional 188,969 shares during the period. Truist Financial Corp’s holdings in First Trust Rising Dividend Achievers ETF were worth $107,138,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Confluence Wealth Services Inc. boosted its stake in First Trust Rising Dividend Achievers ETF by 1.2% in the third quarter. Confluence Wealth Services Inc. now owns 12,638 shares of the company’s stock worth $850,000 after purchasing an additional 153 shares in the last quarter. Raleigh Capital Management Inc. increased its stake in shares of First Trust Rising Dividend Achievers ETF by 34.2% in the second quarter. Raleigh Capital Management Inc. now owns 648 shares of the company’s stock valued at $41,000 after buying an additional 165 shares in the last quarter. Centerpoint Advisory Group increased its stake in shares of First Trust Rising Dividend Achievers ETF by 0.5% in the second quarter. Centerpoint Advisory Group now owns 33,586 shares of the company’s stock valued at $2,107,000 after buying an additional 172 shares in the last quarter. HBK Sorce Advisory LLC raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 1.4% in the third quarter. HBK Sorce Advisory LLC now owns 12,857 shares of the company’s stock valued at $865,000 after buying an additional 183 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its position in First Trust Rising Dividend Achievers ETF by 2.4% during the 2nd quarter. Moors & Cabot Inc. now owns 8,218 shares of the company’s stock worth $516,000 after buying an additional 194 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Up 0.2%

Shares of NASDAQ:RDVY opened at $72.72 on Thursday. The firm has a market cap of $20.39 billion, a P/E 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 company’s 50-day moving average price is $70.28 and its two-hundred day moving average price is $67.40.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.