Accel Wealth Management Increases Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Accel Wealth Management grew its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 11.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 98,304 shares of the company’s stock after acquiring an additional 10,020 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises approximately 1.9% of Accel Wealth Management’s holdings, making the stock its 9th largest position. Accel Wealth Management’s holdings in First Trust Rising Dividend Achievers ETF were worth $6,829,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of RDVY. First Horizon Corp acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the 3rd quarter worth approximately $25,000. Trust Co. of Vermont acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter valued at approximately $27,000. Cullen Frost Bankers Inc. acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the third quarter valued at approximately $28,000. Mather Group LLC. bought a new stake in First Trust Rising Dividend Achievers ETF during the third quarter worth approximately $31,000. Finally, Pin Oak Investment Advisors Inc. bought a new stake in First Trust Rising Dividend Achievers ETF during the third quarter worth approximately $38,000.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY opened at $68.89 on Friday. The business has a 50 day moving average price of $70.81 and a two-hundred day moving average price of $69.38. The company has a market capitalization of $20.02 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a 1-year low of $50.27 and a 1-year high of $73.54.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.1813 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.73 annualized dividend and a dividend yield of 1.1%.

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.