IFP Advisors Inc Has $8.58 Million Stake in First Trust Rising Dividend Achievers ETF $RDVY

IFP Advisors Inc lifted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 34.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 123,531 shares of the company’s stock after purchasing an additional 31,426 shares during the period. IFP Advisors Inc’s holdings in First Trust Rising Dividend Achievers ETF were worth $8,582,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of RDVY. Raymond James Financial Inc. lifted its holdings in First Trust Rising Dividend Achievers ETF by 1.8% in the second quarter. Raymond James Financial Inc. now owns 11,201,473 shares of the company’s stock valued at $702,780,000 after buying an additional 198,938 shares during the period. Ameriprise Financial Inc. lifted its holdings in First Trust Rising Dividend Achievers ETF by 10.1% in the third quarter. Ameriprise Financial Inc. now owns 7,790,897 shares of the company’s stock valued at $523,914,000 after buying an additional 716,800 shares during the period. Bank of America Corp DE raised its holdings in First Trust Rising Dividend Achievers ETF by 7.0% in the third quarter. Bank of America Corp DE now owns 6,992,315 shares of the company’s stock worth $470,303,000 after purchasing an additional 455,258 shares during the period. UBS Group AG raised its holdings in First Trust Rising Dividend Achievers ETF by 4.4% in the fourth quarter. UBS Group AG now owns 5,994,505 shares of the company’s stock worth $416,438,000 after purchasing an additional 254,241 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in First Trust Rising Dividend Achievers ETF by 13.3% in the third quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock worth $329,979,000 after purchasing an additional 577,318 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY opened at $73.26 on Wednesday. The firm’s fifty day moving average is $71.71 and its two-hundred day moving average is $70.81. The firm has a market cap of $21.52 billion, a PE ratio of 15.46 and a beta of 1.02. First Trust Rising Dividend Achievers ETF has a twelve month low of $59.01 and a twelve month high of $75.75.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.1813 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.73 annualized dividend and a dividend yield of 1.0%.

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.