First Trust Rising Dividend Achievers ETF $RDVY Shares Bought by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. raised its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 15.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 80,000 shares of the company’s stock after purchasing an additional 11,000 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in First Trust Rising Dividend Achievers ETF were worth $5,381,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. First Horizon Corp acquired a new position in First Trust Rising Dividend Achievers ETF in the third quarter worth about $25,000. Farmers & Merchants Investments Inc. bought a new position in First Trust Rising Dividend Achievers ETF during the 2nd quarter worth approximately $26,000. Mather Group LLC. bought a new position in First Trust Rising Dividend Achievers ETF during the 3rd quarter worth approximately $31,000. Private Wealth Asset Management LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 201.1% in the 2nd quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock worth $33,000 after acquiring an additional 352 shares in the last quarter. Finally, Quaker Wealth Management LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 200.2% in the 2nd quarter. Quaker Wealth Management LLC now owns 568 shares of the company’s stock valued at $36,000 after acquiring an additional 1,135 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Trading Down 0.1%

RDVY stock opened at $72.61 on Friday. The stock’s 50 day simple moving average is $69.44 and its 200 day simple moving average is $66.90. First Trust Rising Dividend Achievers ETF has a 12-month low of $50.27 and a 12-month high of $73.11. The firm has a market cap of $20.21 billion, a P/E ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a dividend of $0.1996 per share. This represents a $0.80 dividend on an annualized basis 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 of this dividend was 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.