42,499 Shares in First Trust Rising Dividend Achievers ETF $RDVY Bought by Forefront Wealth Partners LLC

Forefront Wealth Partners LLC acquired a new stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 42,499 shares of the company’s stock, valued at approximately $2,859,000.

Several other large investors have also recently made changes to their positions in the business. Total Clarity Wealth Management Inc. grew its position in First Trust Rising Dividend Achievers ETF by 6.0% during the second quarter. Total Clarity Wealth Management Inc. now owns 102,900 shares of the company’s stock valued at $6,456,000 after buying an additional 5,787 shares during the period. Apollon Financial LLC boosted its stake in First Trust Rising Dividend Achievers ETF by 56.0% in the third quarter. Apollon Financial LLC now owns 39,538 shares of the company’s stock valued at $2,659,000 after acquiring an additional 14,200 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in First Trust Rising Dividend Achievers ETF by 62.1% in the third quarter. Farther Finance Advisors LLC now owns 91,483 shares of the company’s stock valued at $6,153,000 after acquiring an additional 35,038 shares during the last quarter. Envision Financial LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 16.0% during the 3rd quarter. Envision Financial LLC now owns 80,675 shares of the company’s stock valued at $5,426,000 after acquiring an additional 11,133 shares during the period. Finally, Robertson Stephens Wealth Management LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the 2nd quarter worth approximately $249,000.

First Trust Rising Dividend Achievers ETF Trading Down 0.3%

NASDAQ:RDVY opened at $70.16 on Wednesday. First Trust Rising Dividend Achievers ETF has a 12 month low of $50.27 and a 12 month high of $70.88. The firm’s 50 day moving average is $68.35 and its 200 day moving average is $66.02. The stock has a market capitalization of $18.33 billion, a PE ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be given 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 a boost 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.