Ameriprise Financial Inc. Boosts Stake in First Trust Rising Dividend Achievers ETF $RDVY

Ameriprise Financial Inc. lifted its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 10.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,790,897 shares of the company’s stock after purchasing an additional 716,800 shares during the quarter. Ameriprise Financial Inc. owned approximately 2.98% of First Trust Rising Dividend Achievers ETF worth $523,914,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF by 27.6% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 34,134 shares of the company’s stock valued at $2,296,000 after purchasing an additional 7,379 shares during the last quarter. Atria Investments Inc raised its stake in shares of First Trust Rising Dividend Achievers ETF by 7.1% during the third quarter. Atria Investments Inc now owns 193,425 shares of the company’s stock worth $13,010,000 after purchasing an additional 12,843 shares during the last quarter. Cozad Asset Management Inc. grew its position in First Trust Rising Dividend Achievers ETF by 9.3% in the 3rd quarter. Cozad Asset Management Inc. now owns 108,125 shares of the company’s stock valued at $7,272,000 after buying an additional 9,181 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in First Trust Rising Dividend Achievers ETF by 15.9% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 80,000 shares of the company’s stock valued at $5,381,000 after buying an additional 11,000 shares during the last quarter. Finally, BankPlus Wealth Management LLC increased its stake in First Trust Rising Dividend Achievers ETF by 35.6% in the 3rd quarter. BankPlus Wealth Management LLC now owns 37,597 shares of the company’s stock valued at $2,529,000 after buying an additional 9,866 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Down 0.3%

NASDAQ RDVY opened at $68.24 on Monday. The stock has a market capitalization of $19.25 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. The firm has a 50-day moving average price of $71.91 and a 200 day moving average price of $69.14.

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.