Kingswood Wealth Advisors LLC Has $4.36 Million Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Kingswood Wealth Advisors LLC grew its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 12.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 64,890 shares of the company’s stock after purchasing an additional 7,384 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,364,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Compass Financial Services Inc bought a new stake in First Trust Rising Dividend Achievers ETF in the first quarter valued at about $26,000. Farmers & Merchants Investments Inc. bought a new position in First Trust Rising Dividend Achievers ETF during the second quarter worth about $26,000. Mather Group LLC. bought a new position in First Trust Rising Dividend Achievers ETF during the third quarter worth about $31,000. Private Wealth Asset Management LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 201.1% during the 2nd quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock worth $33,000 after buying an additional 352 shares during the period. Finally, Quaker Wealth Management LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF by 200.2% in the 2nd quarter. Quaker Wealth Management LLC now owns 568 shares of the company’s stock valued at $36,000 after acquiring an additional 1,135 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ:RDVY opened at $71.64 on Thursday. The firm’s 50 day simple moving average is $68.72 and its 200 day simple moving average is $66.40. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $72.45. The company has a market capitalization of $19.67 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.1996 per share. This is a positive change 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 dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, December 12th.

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.