IFG Advisory LLC Has $12.91 Million Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

IFG Advisory LLC increased its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 5.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 205,819 shares of the company’s stock after purchasing an additional 10,085 shares during the period. First Trust Rising Dividend Achievers ETF makes up 0.6% of IFG Advisory LLC’s holdings, making the stock its 27th largest position. IFG Advisory LLC owned approximately 0.08% of First Trust Rising Dividend Achievers ETF worth $12,913,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in RDVY. Farmers & Merchants Investments Inc. bought a new position in First Trust Rising Dividend Achievers ETF in the second quarter valued at approximately $26,000. Compass Financial Services Inc acquired a new position in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at about $26,000. SVB Wealth LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF during the first quarter worth approximately $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 raised its stake 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 worth $33,000 after purchasing an additional 352 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

First Trust Rising Dividend Achievers ETF stock opened at $67.53 on Friday. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $68.49. The firm has a market cap of $17.56 billion, a PE ratio of 15.46 and a beta of 1.10. The stock’s fifty day moving average price is $66.64 and its two-hundred day moving average price is $63.06.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a dividend of $0.1487 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, September 25th.

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.