First Trust Rising Dividend Achievers ETF $RDVY Shares Acquired by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC boosted its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 16.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 103,233 shares of the company’s stock after purchasing an additional 14,553 shares during the period. Orion Porfolio Solutions LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $6,477,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Compass Financial Services Inc purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter valued at approximately $26,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the second quarter worth approximately $26,000. SVB Wealth LLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the first quarter worth $29,000. Rise Advisors LLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the first quarter worth $31,000. Finally, Private Wealth Asset Management LLC grew its position in First Trust Rising Dividend Achievers ETF by 201.1% in the 2nd quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock valued at $33,000 after buying an additional 352 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY opened at $70.19 on Tuesday. The stock has a market capitalization of $18.34 billion, a P/E ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $70.71. The company’s fifty day moving average is $67.55 and its two-hundred day moving average is $65.31.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be given a $0.1996 dividend. The ex-dividend date is Friday, December 12th. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%.

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.