Centennial Wealth Advisory LLC Raises Position in First Trust Rising Dividend Achievers ETF $RDVY

Centennial Wealth Advisory LLC lifted its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 42.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,778 shares of the company’s stock after purchasing an additional 14,289 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises about 0.9% of Centennial Wealth Advisory LLC’s portfolio, making the stock its 21st biggest position. Centennial Wealth Advisory LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $3,214,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in RDVY. Total Clarity Wealth Management Inc. boosted its holdings in First Trust Rising Dividend Achievers ETF by 6.0% in the second 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 during the last quarter. Forefront Wealth Partners LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the 3rd quarter valued at about $2,859,000. DHJJ Financial Advisors Ltd. lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 185.4% in the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 48,353 shares of the company’s stock valued at $3,252,000 after buying an additional 31,411 shares during the period. Apollon Financial LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 56.0% in the 3rd quarter. Apollon Financial LLC now owns 39,538 shares of the company’s stock valued at $2,659,000 after buying an additional 14,200 shares during the period. Finally, Retireful LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the third quarter worth about $1,229,000.

First Trust Rising Dividend Achievers ETF Stock Up 1.0%

First Trust Rising Dividend Achievers ETF stock opened at $70.15 on Monday. The business’s 50-day moving average price is $68.50 and its 200 day moving average price is $66.21. The firm has a market cap of $19.18 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.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.1996 per share. This is a positive change 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. This represents a $0.80 annualized dividend and a dividend yield of 1.1%.

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.