International Assets Investment Management LLC Buys 1,153 Shares of First Trust Rising Dividend Achievers ETF $RDVY

International Assets Investment Management LLC grew its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,819 shares of the company’s stock after purchasing an additional 1,153 shares during the quarter. International Assets Investment Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $7,392,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Compass Financial Services Inc bought a new stake in First Trust Rising Dividend Achievers ETF during the first quarter worth $26,000. Farmers & Merchants Investments Inc. bought a new stake in First Trust Rising Dividend Achievers ETF during the second quarter worth $26,000. SVB Wealth LLC bought a new stake in First Trust Rising Dividend Achievers ETF during the first quarter worth $29,000. Rise Advisors LLC bought a new stake in First Trust Rising Dividend Achievers ETF during the first quarter worth $31,000. Finally, Private Wealth Asset Management LLC lifted its holdings in First Trust Rising Dividend Achievers ETF by 201.1% during the second quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock worth $33,000 after acquiring an additional 352 shares during the period.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of RDVY opened at $66.11 on Friday. The firm has a market cap of $17.09 billion, a PE ratio of 15.46 and a beta of 1.15. The stock’s fifty day moving average price is $66.14 and its two-hundred day moving average price is $62.20. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $68.11.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were paid a $0.1487 dividend. The ex-dividend date was Thursday, September 25th. This represents a $0.59 annualized dividend and a dividend yield of 0.9%.

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.