Koshinski Asset Management Inc. Acquires 17,317 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Koshinski Asset Management Inc. boosted its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 568,144 shares of the company’s stock after acquiring an additional 17,317 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises approximately 2.5% of Koshinski Asset Management Inc.’s portfolio, making the stock its 4th biggest holding. Koshinski Asset Management Inc. owned about 0.20% of First Trust Rising Dividend Achievers ETF worth $39,469,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in RDVY. Raymond James Financial Inc. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 1.8% in the 2nd quarter. Raymond James Financial Inc. now owns 11,201,473 shares of the company’s stock valued at $702,780,000 after purchasing an additional 198,938 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in First Trust Rising Dividend Achievers ETF by 10.1% during the third quarter. Ameriprise Financial Inc. now owns 7,790,897 shares of the company’s stock worth $523,914,000 after buying an additional 716,800 shares in the last quarter. Bank of America Corp DE boosted its holdings in First Trust Rising Dividend Achievers ETF by 7.0% during the third quarter. Bank of America Corp DE now owns 6,992,315 shares of the company’s stock worth $470,303,000 after buying an additional 455,258 shares in the last quarter. UBS Group AG grew its position in First Trust Rising Dividend Achievers ETF by 4.4% during the fourth quarter. UBS Group AG now owns 5,994,505 shares of the company’s stock worth $416,438,000 after buying an additional 254,241 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in First Trust Rising Dividend Achievers ETF by 13.3% during the third quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock worth $329,979,000 after buying an additional 577,318 shares during the period.

First Trust Rising Dividend Achievers ETF Trading Down 1.5%

RDVY stock opened at $74.36 on Friday. The firm has a 50 day moving average of $71.35 and a 200-day moving average of $70.45. First Trust Rising Dividend Achievers ETF has a 12-month low of $58.58 and a 12-month high of $75.75. The company has a market cap of $21.84 billion, a price-to-earnings ratio of 15.46 and a beta of 1.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.1813 dividend. This represents a $0.73 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, March 26th.

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.