Advisor Resource Council Has $1.34 Million Stake in First Trust Rising Dividend Achievers ETF $RDVY

Advisor Resource Council lifted its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 70.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,848 shares of the company’s stock after purchasing an additional 8,217 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises 1.8% of Advisor Resource Council’s portfolio, making the stock its 8th biggest holding. Advisor Resource Council’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,335,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of RDVY. Confluence Wealth Services Inc. lifted its holdings in First Trust Rising Dividend Achievers ETF by 1.2% during the 3rd quarter. Confluence Wealth Services Inc. now owns 12,638 shares of the company’s stock valued at $850,000 after buying an additional 153 shares in the last quarter. Howard Bailey Securities LLC increased its position in shares of First Trust Rising Dividend Achievers ETF by 4.6% during the third quarter. Howard Bailey Securities LLC now owns 3,673 shares of the company’s stock worth $247,000 after acquiring an additional 160 shares during the period. Insigneo Advisory Services LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 0.8% during the third quarter. Insigneo Advisory Services LLC now owns 19,956 shares of the company’s stock valued at $1,342,000 after acquiring an additional 163 shares in the last quarter. Proactive Wealth Strategies LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 0.3% in the third quarter. Proactive Wealth Strategies LLC now owns 64,148 shares of the company’s stock valued at $4,315,000 after purchasing an additional 174 shares during the period. Finally, HBK Sorce Advisory LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 1.4% in the third quarter. HBK Sorce Advisory LLC now owns 12,857 shares of the company’s stock valued at $865,000 after purchasing an additional 183 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Down 2.1%

Shares of NASDAQ:RDVY opened at $69.55 on Monday. The business’s 50 day moving average is $71.97 and its 200 day moving average is $69.00. The stock has a market cap of $19.62 billion, a P/E 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 $73.54.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.1996 dividend. The ex-dividend date was Friday, December 12th. This represents a $0.80 annualized dividend 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.

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.