Brookstone Capital Management Has $11.80 Million Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Brookstone Capital Management raised its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 25.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 169,841 shares of the company’s stock after buying an additional 34,473 shares during the quarter. Brookstone Capital Management owned 0.06% of First Trust Rising Dividend Achievers ETF worth $11,799,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in RDVY. Ameriprise Financial Inc. raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 15.7% during the second quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock valued at $442,526,000 after acquiring an additional 957,587 shares during the period. JPMorgan Chase & Co. boosted its stake in First Trust Rising Dividend Achievers ETF by 74.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,707,049 shares of the company’s stock worth $114,816,000 after purchasing an additional 725,742 shares during the period. UBS Group AG boosted its stake in First Trust Rising Dividend Achievers ETF by 12.2% in the 3rd quarter. UBS Group AG now owns 5,740,264 shares of the company’s stock worth $386,090,000 after purchasing an additional 624,936 shares during the period. Envestnet Asset Management Inc. grew its position in First Trust Rising Dividend Achievers ETF by 13.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock worth $329,979,000 after purchasing an additional 577,318 shares in the last quarter. Finally, Prudential PLC purchased a new position in First Trust Rising Dividend Achievers ETF during the 3rd quarter worth approximately $32,762,000.

First Trust Rising Dividend Achievers ETF Stock Up 2.8%

Shares of NASDAQ:RDVY opened at $68.28 on Wednesday. The company’s fifty day moving average is $71.01 and its two-hundred day moving average is $69.35. The company has a market cap of $19.27 billion, a P/E ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a 12-month low of $50.27 and a 12-month high of $73.54.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.1813 per share. This represents a $0.73 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, March 26th.

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.