First Trust Rising Dividend Achievers ETF $RDVY Shares Acquired by Ballew Advisors Inc

Ballew Advisors Inc lifted its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 283.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,636 shares of the company’s stock after purchasing an additional 27,094 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises approximately 1.4% of Ballew Advisors Inc’s investment portfolio, making the stock its 15th biggest position. Ballew Advisors Inc’s holdings in First Trust Rising Dividend Achievers ETF were worth $2,439,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Total Clarity Wealth Management Inc. raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 6.0% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 102,900 shares of the company’s stock valued at $6,456,000 after purchasing an additional 5,787 shares in the last quarter. Robertson Stephens Wealth Management LLC purchased a new position in First Trust Rising Dividend Achievers ETF in the second quarter valued at $249,000. Envision Financial LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 16.0% in the third quarter. Envision Financial LLC now owns 80,675 shares of the company’s stock valued at $5,426,000 after buying an additional 11,133 shares during the last quarter. Novem Group raised its stake in First Trust Rising Dividend Achievers ETF by 3.0% in the second quarter. Novem Group now owns 19,090 shares of the company’s stock valued at $1,198,000 after buying an additional 555 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in First Trust Rising Dividend Achievers ETF by 4.5% during the 2nd quarter. Baird Financial Group Inc. now owns 906,359 shares of the company’s stock worth $56,865,000 after buying an additional 38,793 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Up 0.4%

Shares of RDVY opened at $70.74 on Thursday. The company has a market capitalization of $18.48 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $70.88. The stock has a 50 day moving average price of $68.04 and a 200 day moving average price of $65.73.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

About First Trust Rising Dividend Achievers ETF

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.