Principal Securities Inc. Has $9.80 Million Position in First Trust Rising Dividend Achievers ETF $RDVY

Principal Securities Inc. raised its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 141,052 shares of the company’s stock after buying an additional 9,753 shares during the period. Principal Securities Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $9,799,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quad Cities Investment Group LLC lifted its stake in First Trust Rising Dividend Achievers ETF by 0.7% in the fourth quarter. Quad Cities Investment Group LLC now owns 21,219 shares of the company’s stock valued at $1,474,000 after acquiring an additional 157 shares during the last quarter. Allworth Financial LP lifted its stake in First Trust Rising Dividend Achievers ETF by 0.3% in the third quarter. Allworth Financial LP now owns 59,767 shares of the company’s stock valued at $4,020,000 after acquiring an additional 159 shares during the last quarter. Insigneo Advisory Services LLC lifted its stake in First Trust Rising Dividend Achievers ETF by 0.8% in the third quarter. Insigneo Advisory Services LLC now owns 19,956 shares of the company’s stock valued at $1,342,000 after acquiring an additional 163 shares during the last quarter. Acorn Wealth Advisors LLC lifted its stake in First Trust Rising Dividend Achievers ETF by 3.7% in the fourth quarter. Acorn Wealth Advisors LLC now owns 5,481 shares of the company’s stock valued at $381,000 after acquiring an additional 197 shares during the last quarter. Finally, Tucker Asset Management LLC lifted its stake in First Trust Rising Dividend Achievers ETF by 5.3% in the fourth quarter. Tucker Asset Management LLC now owns 4,128 shares of the company’s stock valued at $287,000 after acquiring an additional 206 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of RDVY opened at $77.72 on Friday. The firm has a market capitalization of $22.83 billion, a PE ratio of 15.46 and a beta of 1.01. The company’s 50-day moving average is $74.12 and its 200-day moving average is $71.87. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $60.30 and a fifty-two week high of $78.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.1813 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.73 annualized dividend and a dividend yield of 0.9%.

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.