Ritter Daniher Financial Advisory LLC DE Invests $6.85 Million in First Trust Rising Dividend Achievers ETF $RDVY

Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 101,840 shares of the company’s stock, valued at approximately $6,850,000. First Trust Rising Dividend Achievers ETF accounts for 1.2% of Ritter Daniher Financial Advisory LLC DE’s portfolio, making the stock its 17th biggest position.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. grew its stake in First Trust Rising Dividend Achievers ETF by 1.8% during the 2nd quarter. Raymond James Financial Inc. now owns 11,201,473 shares of the company’s stock worth $702,780,000 after purchasing an additional 198,938 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in First Trust Rising Dividend Achievers ETF by 15.7% during the second quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock worth $442,526,000 after purchasing an additional 957,587 shares during the last quarter. Bank of America Corp DE lifted its position in shares of First Trust Rising Dividend Achievers ETF by 4.1% during the 2nd quarter. Bank of America Corp DE now owns 6,537,057 shares of the company’s stock worth $410,135,000 after buying an additional 258,172 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in First Trust Rising Dividend Achievers ETF by 26.5% in the second quarter. Envestnet Asset Management Inc. now owns 4,328,699 shares of the company’s stock valued at $271,583,000 after acquiring an additional 907,673 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 6.8% in the 2nd quarter. Osaic Holdings Inc. now owns 3,240,145 shares of the company’s stock valued at $203,194,000 after purchasing an additional 205,514 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Trading Up 0.7%

RDVY stock opened at $73.21 on Friday. The business has a 50 day simple moving average of $70.45 and a 200-day simple moving average of $67.44. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $73.43. The company has a market capitalization of $20.53 billion, a P/E ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.1996 dividend. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, December 12th. This represents a $0.80 annualized dividend and a yield of 1.1%.

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.