TrueWealth Financial Partners Purchases Shares of 24,326 First Trust Rising Dividend Achievers ETF $RDVY

TrueWealth Financial Partners purchased a new stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,326 shares of the company’s stock, valued at approximately $1,690,000. First Trust Rising Dividend Achievers ETF accounts for approximately 1.4% of TrueWealth Financial Partners’ portfolio, making the stock its 25th biggest position.

Several other large investors have also made changes to their positions in the business. Confluence Wealth Services Inc. raised its stake in shares of First Trust Rising Dividend Achievers ETF by 1.2% during the 3rd quarter. Confluence Wealth Services Inc. now owns 12,638 shares of the company’s stock worth $850,000 after buying an additional 153 shares during the period. Quad Cities Investment Group LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 0.7% during the 4th quarter. Quad Cities Investment Group LLC now owns 21,219 shares of the company’s stock worth $1,474,000 after buying an additional 157 shares during the period. Allworth Financial LP raised its stake in shares of First Trust Rising Dividend Achievers ETF by 0.3% during the 3rd quarter. Allworth Financial LP now owns 59,767 shares of the company’s stock worth $4,020,000 after buying an additional 159 shares during the period. Howard Bailey Securities LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 4.6% during the 3rd quarter. Howard Bailey Securities LLC now owns 3,673 shares of the company’s stock worth $247,000 after buying an additional 160 shares during the period. Finally, Insigneo Advisory Services LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 0.8% during the 3rd quarter. Insigneo Advisory Services LLC now owns 19,956 shares of the company’s stock worth $1,342,000 after buying an additional 163 shares during the period.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of RDVY stock opened at $73.90 on Thursday. The company has a market cap of $21.71 billion, a price-to-earnings ratio of 15.46 and a beta of 1.02. The stock 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 has a 1-year low of $59.01 and a 1-year high of $75.75.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.1813 per share. This represents a $0.73 annualized dividend and a dividend yield of 1.0%. 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.