RFG Advisory LLC Has $5.24 Million Stock Position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

RFG Advisory LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 14.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 89,521 shares of the company’s stock after purchasing an additional 11,071 shares during the quarter. RFG Advisory LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $5,241,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RDVY. Triumph Capital Management increased its position in shares of First Trust Rising Dividend Achievers ETF by 7.6% in the fourth quarter. Triumph Capital Management now owns 116,915 shares of the company’s stock worth $6,914,000 after acquiring an additional 8,263 shares in the last quarter. Hidden Cove Wealth Management LLC purchased a new position in First Trust Rising Dividend Achievers ETF during the 4th quarter worth approximately $4,219,000. Oppenheimer & Co. Inc. raised its stake in First Trust Rising Dividend Achievers ETF by 4.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 123,295 shares of the company’s stock valued at $7,292,000 after purchasing an additional 5,417 shares during the period. Hickory Asset Management Inc. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter valued at $6,065,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of First Trust Rising Dividend Achievers ETF by 6.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,185,165 shares of the company’s stock worth $70,091,000 after buying an additional 70,422 shares during the period.

First Trust Rising Dividend Achievers ETF Trading Up 0.5%

Shares of RDVY stock opened at $60.47 on Tuesday. The company has a market capitalization of $14.09 billion, a price-to-earnings ratio of 15.48 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a 1-year low of $50.27 and a 1-year high of $64.63. The stock’s fifty day simple moving average is $57.56 and its 200-day simple moving average is $59.93.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.2544 per share. The ex-dividend date was Thursday, March 27th. This is a positive change 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 1.68%.

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.