Howard Financial Services LTD. Acquires 4,873 Shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Howard Financial Services LTD. increased its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 204,854 shares of the company’s stock after acquiring an additional 4,873 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up about 1.6% of Howard Financial Services LTD.’s holdings, making the stock its 19th largest position. Howard Financial Services LTD. owned about 0.09% of First Trust Rising Dividend Achievers ETF worth $11,992,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Hobart Private Capital LLC lifted its holdings in First Trust Rising Dividend Achievers ETF by 5.6% during the first quarter. Hobart Private Capital LLC now owns 464,097 shares of the company’s stock worth $27,168,000 after acquiring an additional 24,513 shares during the period. Nestegg Advisors Inc. bought a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter worth $5,803,000. Wealth Enhancement Advisory Services LLC lifted its holdings in First Trust Rising Dividend Achievers ETF by 75.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 262,407 shares of the company’s stock worth $15,519,000 after acquiring an additional 113,181 shares during the period. Members Wealth LLC bought a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter worth $272,000. Finally, Keystone Financial Services LLC bought a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter worth $874,000.

First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ:RDVY opened at $60.31 on Friday. The business has a fifty day simple moving average of $57.54 and a two-hundred day simple moving average of $60.00. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $64.63. The company has a market capitalization of $14.22 billion, a P/E ratio of 15.48 and a beta of 1.09.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.2544 dividend. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.19. This represents a $1.02 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Thursday, March 27th.

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.