19,857 First Trust Rising Dividend Achievers ETF $RDVY Shares Purchased by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 73.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,954 shares of the company’s stock after purchasing an additional 19,857 shares during the period. Precedent Wealth Partners LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $3,676,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Kings Path Partners LLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the third quarter valued at approximately $27,000. Bessemer Group Inc. bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the first quarter valued at approximately $29,000. Anchor Investment Management LLC acquired a new stake in First Trust Rising Dividend Achievers ETF during the first quarter worth approximately $34,000. Rosenberg Matthew Hamilton acquired a new stake in First Trust Rising Dividend Achievers ETF during the third quarter worth approximately $43,000. Finally, Thompson Investment Management Inc. acquired a new stake in First Trust Rising Dividend Achievers ETF during the second quarter worth approximately $56,000.

First Trust Rising Dividend Achievers ETF Price Performance

First Trust Rising Dividend Achievers ETF stock opened at $79.67 on Friday. The stock’s fifty day moving average price is $80.40 and its two-hundred day moving average price is $78.48. First Trust Rising Dividend Achievers ETF has a one year low of $64.99 and a one year high of $84.02. The firm has a market cap of $25.57 billion, a PE ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.