Chris Bulman Inc Buys 16,472 Shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Chris Bulman Inc boosted its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 66.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,203 shares of the company’s stock after purchasing an additional 16,472 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up approximately 1.5% of Chris Bulman Inc’s investment portfolio, making the stock its 17th largest holding. Chris Bulman Inc’s holdings in First Trust Rising Dividend Achievers ETF were worth $2,412,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Pacific Sun Financial Corp boosted its stake in First Trust Rising Dividend Achievers ETF by 2.9% in the 4th quarter. Pacific Sun Financial Corp now owns 6,090 shares of the company’s stock worth $360,000 after purchasing an additional 170 shares in the last quarter. Continuum Advisory LLC lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 1.7% during the fourth quarter. Continuum Advisory LLC now owns 10,589 shares of the company’s stock worth $626,000 after buying an additional 173 shares during the period. Bank of Montreal Can grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 1.0% during the fourth quarter. Bank of Montreal Can now owns 21,053 shares of the company’s stock valued at $1,245,000 after buying an additional 200 shares during the last quarter. Flagstar Advisors Inc. grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 0.3% during the first quarter. Flagstar Advisors Inc. now owns 59,780 shares of the company’s stock valued at $3,500,000 after buying an additional 202 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. increased its position in shares of First Trust Rising Dividend Achievers ETF by 27.2% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 949 shares of the company’s stock valued at $57,000 after acquiring an additional 203 shares during the period.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of RDVY stock opened at $61.61 on Wednesday. The business has a fifty day moving average of $57.91 and a 200 day moving average of $59.89. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $64.63. The firm has a market capitalization of $14.35 billion, a price-to-earnings ratio of 15.48 and a beta of 1.15.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a $0.2544 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.65%. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 27th.

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.