First Trust Rising Dividend Achievers ETF $RDVY Stock: ODonnell Financial Services LLC Increases Holdings

ODonnell Financial Services LLC raised its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 384,826 shares of the company’s stock after acquiring an additional 8,538 shares during the period. First Trust Rising Dividend Achievers ETF makes up approximately 8.6% of ODonnell Financial Services LLC’s holdings, making the stock its 2nd biggest holding. ODonnell Financial Services LLC owned 0.12% of First Trust Rising Dividend Achievers ETF worth $30,128,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of RDVY. Northwestern Mutual Wealth Management Co. increased its position in shares of First Trust Rising Dividend Achievers ETF by 12.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,492,637 shares of the company’s stock worth $283,113,000 after purchasing an additional 379,961 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 6.5% during the 1st quarter. Royal Bank of Canada now owns 5,030,578 shares of the company’s stock valued at $343,487,000 after purchasing an additional 307,823 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of First Trust Rising Dividend Achievers ETF by 8.0% in the 1st 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 in the last quarter. Sentinel Advisory Group LLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter worth $18,176,000. Finally, Bank of America Corp DE boosted its position 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.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY stock traded down $0.03 on Friday, hitting $79.69. 916,771 shares of the company’s stock were exchanged, compared to its average volume of 1,288,049. First Trust Rising Dividend Achievers ETF has a 12-month low of $64.99 and a 12-month high of $84.02. The firm has a 50 day moving average price of $79.51 and a two-hundred day moving average price of $76.76. The stock has a market cap of $25.68 billion, a P/E ratio of 15.82 and a beta of 1.01.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a $0.1521 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 0.8%. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474. The ex-dividend date was Thursday, September 24th.

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.