First Trust Rising Dividend Achievers ETF $RDVY Shares Acquired by Stonebridge Financial Planning Group LLC

Stonebridge Financial Planning Group LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 23.8% in the 4th quarter, Holdings Channel reports. The firm owned 63,446 shares of the company’s stock after buying an additional 12,215 shares during the period. First Trust Rising Dividend Achievers ETF makes up approximately 1.6% of Stonebridge Financial Planning Group LLC’s portfolio, making the stock its 15th largest holding. Stonebridge Financial Planning Group LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,408,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RDVY. Ameriprise Financial Inc. lifted its position in shares of First Trust Rising Dividend Achievers ETF by 15.7% in the 2nd 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 in the last quarter. JPMorgan Chase & Co. lifted its position in shares of 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 valued at $114,816,000 after acquiring an additional 725,742 shares in the last quarter. UBS Group AG lifted its position in shares of 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 valued at $386,090,000 after acquiring an additional 624,936 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of First Trust Rising Dividend Achievers ETF by 13.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock valued at $329,979,000 after acquiring an additional 577,318 shares in the last quarter. Finally, Prudential PLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the 3rd quarter valued at approximately $32,762,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:RDVY opened at $73.90 on Thursday. The company has a market cap of $21.71 billion, a PE ratio of 15.46 and a beta of 1.02. First Trust Rising Dividend Achievers ETF has a 52 week low of $59.01 and a 52 week high of $75.75. The firm has a 50 day simple moving average of $71.48 and a 200 day simple moving average of $70.65.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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