First Trust Rising Dividend Achievers ETF $RDVY Position Lifted by James T. Borello RIA

James T. Borello RIA raised its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 24.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 138,256 shares of the company’s stock after purchasing an additional 27,202 shares during the period. First Trust Rising Dividend Achievers ETF makes up about 2.2% of James T. Borello RIA’s investment portfolio, making the stock its 15th biggest holding. James T. Borello RIA’s holdings in First Trust Rising Dividend Achievers ETF were worth $10,824,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of RDVY. Cyndeo Wealth Partners LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF by 78.2% during the third quarter. Cyndeo Wealth Partners LLC now owns 15,195 shares of the company’s stock worth $1,190,000 after purchasing an additional 6,670 shares in the last quarter. Ellsworth Advisors LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 3.0% in the 3rd quarter. Ellsworth Advisors LLC now owns 27,142 shares of the company’s stock valued at $2,125,000 after buying an additional 789 shares during the period. Iams Wealth Management LLC increased its position in shares of First Trust Rising Dividend Achievers ETF by 10.5% in the 3rd quarter. Iams Wealth Management LLC now owns 96,649 shares of the company’s stock valued at $7,567,000 after buying an additional 9,164 shares in the last quarter. AdvisorNet Financial Inc increased its position in shares of First Trust Rising Dividend Achievers ETF by 1.2% in the 3rd quarter. AdvisorNet Financial Inc now owns 30,140 shares of the company’s stock valued at $2,379,000 after buying an additional 362 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC increased its position in shares of First Trust Rising Dividend Achievers ETF by 32.8% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 11,121 shares of the company’s stock valued at $871,000 after buying an additional 2,747 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Down 0.5%

First Trust Rising Dividend Achievers ETF stock traded down $0.36 during mid-day trading on Friday, hitting $79.37. 1,131,228 shares of the company’s stock were exchanged, compared to its average volume of 1,282,374. The firm has a market capitalization of $25.41 billion, a P/E ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $64.99 and a fifty-two week high of $84.02. The company’s 50 day simple moving average is $80.71 and its 200-day simple moving average is $78.09.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.