BankPlus Wealth Management LLC Boosts Holdings in First Trust Rising Dividend Achievers ETF $RDVY

BankPlus Wealth Management LLC lifted its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 35.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,597 shares of the company’s stock after purchasing an additional 9,866 shares during the period. First Trust Rising Dividend Achievers ETF makes up 1.5% of BankPlus Wealth Management LLC’s holdings, making the stock its 13th biggest holding. BankPlus Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $2,529,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Huntleigh Advisors Inc. grew its stake in shares of First Trust Rising Dividend Achievers ETF by 2.5% in the third quarter. Huntleigh Advisors Inc. now owns 111,163 shares of the company’s stock worth $7,477,000 after acquiring an additional 2,688 shares in the last quarter. Global View Capital Management LLC purchased a new position in First Trust Rising Dividend Achievers ETF in the third quarter valued at $269,000. Platform Technology Partners grew its stake in First Trust Rising Dividend Achievers ETF by 6.9% during the 3rd quarter. Platform Technology Partners now owns 22,917 shares of the company’s stock worth $1,541,000 after purchasing an additional 1,486 shares in the last quarter. Root Financial Partners LLC grew its stake in First Trust Rising Dividend Achievers ETF by 15.4% during the 3rd quarter. Root Financial Partners LLC now owns 24,289 shares of the company’s stock worth $1,634,000 after purchasing an additional 3,238 shares in the last quarter. Finally, Element Wealth LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 34.0% during the 3rd quarter. Element Wealth LLC now owns 9,634 shares of the company’s stock worth $648,000 after purchasing an additional 2,442 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY opened at $71.31 on Wednesday. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $73.11. The stock has a market capitalization of $19.85 billion, a PE ratio of 15.46 and a beta of 1.10. The stock has a 50-day simple moving average of $69.60 and a 200-day simple moving average of $67.05.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.1996 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15.

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.