Continuum Advisory LLC Boosts Holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Continuum Advisory LLC increased its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 16.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 12,289 shares of the company’s stock after acquiring an additional 1,700 shares during the quarter. Continuum Advisory LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $719,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in RDVY. Pinnacle Financial Partners Inc boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 9.6% in the fourth quarter. Pinnacle Financial Partners Inc now owns 8,167 shares of the company’s stock worth $483,000 after buying an additional 712 shares during the last quarter. BankPlus Trust Department purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter worth approximately $237,000. Pine Valley Investments Ltd Liability Co boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 3.5% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 237,341 shares of the company’s stock worth $14,036,000 after buying an additional 8,011 shares during the last quarter. EdgeRock Capital LLC raised its stake in First Trust Rising Dividend Achievers ETF by 24.8% during the 4th quarter. EdgeRock Capital LLC now owns 46,017 shares of the company’s stock worth $2,721,000 after acquiring an additional 9,148 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in First Trust Rising Dividend Achievers ETF by 16.3% during the 4th quarter. Bank of New York Mellon Corp now owns 5,119 shares of the company’s stock worth $303,000 after acquiring an additional 719 shares during the period.

First Trust Rising Dividend Achievers ETF Trading Up 1.1%

NASDAQ RDVY opened at $61.32 on Tuesday. First Trust Rising Dividend Achievers ETF has a 12 month low of $50.27 and a 12 month high of $64.63. The stock has a market cap of $14.28 billion, a price-to-earnings ratio of 14.82 and a beta of 1.15. The company’s 50 day moving average is $59.18 and its two-hundred day moving average is $59.68.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a dividend of $0.2544 per share. 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. This represents a $1.02 dividend on an annualized basis and a yield of 1.66%.

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.