AE Wealth Management LLC Has $7.05 Million Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

AE Wealth Management LLC raised its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 8.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,454 shares of the company’s stock after buying an additional 8,043 shares during the quarter. AE Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $7,048,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RDVY. AQR Capital Management LLC grew its holdings in First Trust Rising Dividend Achievers ETF by 70.2% in the 1st quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock valued at $1,819,000 after buying an additional 12,820 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 104.0% during the 2nd quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock worth $1,502,000 after purchasing an additional 12,204 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 38.1% during the 2nd quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock worth $355,000 after purchasing an additional 1,561 shares in the last quarter. Betterment LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 19.4% during the 2nd quarter. Betterment LLC now owns 48,475 shares of the company’s stock worth $3,041,000 after purchasing an additional 7,892 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the 2nd quarter worth $1,433,000.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY opened at $74.50 on Friday. The firm has a market cap of $21.72 billion, a P/E ratio of 15.46 and a beta of 1.03. First Trust Rising Dividend Achievers ETF has a 52-week low of $52.88 and a 52-week high of $74.96. The business’s fifty day moving average is $70.79 and its 200-day moving average is $69.76.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.1813 per share. This represents a $0.73 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, March 26th.

First Trust Rising Dividend Achievers ETF 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.