SFG Wealth Management LLC. Purchases 447 Shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

SFG Wealth Management LLC. grew its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,451 shares of the company’s stock after purchasing an additional 447 shares during the period. SFG Wealth Management LLC.’s holdings in First Trust Rising Dividend Achievers ETF were worth $787,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth about $25,000. Summit Investment Advisors Inc. boosted its stake in First Trust Rising Dividend Achievers ETF by 195.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 443 shares of the company’s stock worth $26,000 after purchasing an additional 293 shares in the last quarter. Graney & King LLC purchased a new stake in First Trust Rising Dividend Achievers ETF during the 4th quarter worth approximately $27,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in First Trust Rising Dividend Achievers ETF during the 4th quarter valued at approximately $38,000. Finally, O Shaughnessy Asset Management LLC increased its stake in First Trust Rising Dividend Achievers ETF by 169.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 901 shares of the company’s stock valued at $53,000 after purchasing an additional 566 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Trading Down 0.5%

NASDAQ:RDVY opened at $61.69 on Thursday. The company has a market capitalization of $14.37 billion, a P/E ratio of 14.82 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a 12 month low of $50.27 and a 12 month high of $64.63. The firm has a fifty day simple moving average of $59.46 and a 200-day simple moving average of $59.71.

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.