Farther Finance Advisors LLC Increases Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Farther Finance Advisors LLC raised its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 62.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,483 shares of the company’s stock after buying an additional 35,038 shares during the quarter. Farther Finance Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $6,153,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of RDVY. Ameriprise Financial Inc. boosted its position in shares of First Trust Rising Dividend Achievers ETF by 15.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock valued at $442,526,000 after acquiring an additional 957,587 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in First Trust Rising Dividend Achievers ETF by 26.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,328,699 shares of the company’s stock valued at $271,583,000 after purchasing an additional 907,673 shares during the last quarter. Truist Financial Corp grew its stake in shares of First Trust Rising Dividend Achievers ETF by 44.3% in the 2nd quarter. Truist Financial Corp now owns 1,403,926 shares of the company’s stock valued at $88,082,000 after buying an additional 430,935 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 61.4% during the 1st quarter. Jones Financial Companies Lllp now owns 688,084 shares of the company’s stock worth $39,929,000 after buying an additional 261,781 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of First Trust Rising Dividend Achievers ETF by 4.1% during the 2nd quarter. Bank of America Corp DE now owns 6,537,057 shares of the company’s stock valued at $410,135,000 after buying an additional 258,172 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of First Trust Rising Dividend Achievers ETF stock opened at $70.47 on Wednesday. The stock has a 50 day moving average of $67.95 and a 200 day moving average of $65.69. The firm has a market capitalization of $18.41 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $70.71.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared 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 is Friday, December 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15.

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.