B. Riley Wealth Advisors Inc. Purchases Shares of 8,997 First Trust Rising Dividend Achievers ETF $RDVY

B. Riley Wealth Advisors Inc. purchased a new position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,997 shares of the company’s stock, valued at approximately $564,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. grew its position in First Trust Rising Dividend Achievers ETF by 346.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 4,460 shares of the company’s stock worth $280,000 after buying an additional 3,460 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of First Trust Rising Dividend Achievers ETF by 96.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 266,237 shares of the company’s stock valued at $16,704,000 after acquiring an additional 130,782 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the 2nd quarter valued at about $221,000. First Heartland Consultants Inc. grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 26.7% during the second quarter. First Heartland Consultants Inc. now owns 364,470 shares of the company’s stock worth $22,867,000 after purchasing an additional 76,817 shares in the last quarter. Finally, Corient Private Wealth LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF in the second quarter worth approximately $492,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of RDVY opened at $69.69 on Wednesday. First Trust Rising Dividend Achievers ETF has a 1-year low of $50.27 and a 1-year high of $70.71. The company has a market capitalization of $18.21 billion, a P/E ratio of 15.46 and a beta of 1.10. The firm’s 50 day simple moving average is $67.60 and its 200 day simple moving average is $65.37.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be issued a dividend of $0.1996 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.80 dividend on an annualized basis 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.

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.