First Trust Rising Dividend Achievers ETF (RDVY) To Go Ex-Dividend on September 24th

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) declared a quarterly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be paid a dividend of $0.1521 per share on Wednesday, September 30th. This represents a $0.61 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, September 24th. This is a 3.2% increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY stock opened at $78.76 on Friday. The company has a market capitalization of $26.71 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a one year low of $64.97 and a one year high of $84.02. The company’s 50-day moving average is $81.31 and its 200 day moving average is $76.98.

Institutional Investors Weigh In On First Trust Rising Dividend Achievers ETF

A number of institutional investors have recently made changes to their positions in the company. LPL Financial LLC lifted its position in First Trust Rising Dividend Achievers ETF by 10.5% in the 4th quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock valued at $2,119,121,000 after acquiring an additional 2,907,770 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 3.0% in the 1st quarter. Bank of America Corp DE now owns 7,444,315 shares of the company’s stock worth $508,298,000 after purchasing an additional 219,060 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 1.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,503,234 shares of the company’s stock worth $446,092,000 after purchasing an additional 86,684 shares in the last quarter. Royal Bank of Canada raised its stake in shares of First Trust Rising Dividend Achievers ETF by 6.5% in the first quarter. Royal Bank of Canada now owns 5,030,578 shares of the company’s stock worth $343,487,000 after purchasing an additional 307,823 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of First Trust Rising Dividend Achievers ETF by 8.0% in the first quarter. Cetera Investment Advisers now owns 4,044,145 shares of the company’s stock worth $276,134,000 after purchasing an additional 299,620 shares during the last quarter.

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.