Kingsview Wealth Management LLC Purchases 19,476 Shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Kingsview Wealth Management LLC grew its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 26.9% during the first quarter, Holdings Channel.com reports. The firm owned 91,981 shares of the company’s stock after acquiring an additional 19,476 shares during the period. Kingsview Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $5,385,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of RDVY. Continuum Advisory LLC grew its stake in First Trust Rising Dividend Achievers ETF by 1.7% in the fourth quarter. Continuum Advisory LLC now owns 10,589 shares of the company’s stock valued at $626,000 after purchasing an additional 173 shares in the last quarter. Bank of Montreal Can grew its stake in 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 worth $1,245,000 after purchasing an additional 200 shares during the period. Flagstar Advisors Inc. boosted its holdings in First Trust Rising Dividend Achievers ETF by 0.3% in the first quarter. Flagstar Advisors Inc. now owns 59,780 shares of the company’s stock worth $3,500,000 after acquiring an additional 202 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position in First Trust Rising Dividend Achievers ETF by 27.2% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 949 shares of the company’s stock worth $57,000 after purchasing an additional 203 shares during the last quarter. Finally, Kaydan Wealth Management Inc. raised its stake in shares of First Trust Rising Dividend Achievers ETF by 1.1% in the first quarter. Kaydan Wealth Management Inc. now owns 18,404 shares of the company’s stock valued at $1,077,000 after buying an additional 207 shares during the period.

First Trust Rising Dividend Achievers ETF Trading Up 0.7%

Shares of RDVY opened at $63.06 on Friday. The stock has a 50-day moving average price of $61.48 and a 200-day moving average price of $59.99. First Trust Rising Dividend Achievers ETF has a 12-month low of $50.27 and a 12-month high of $64.63. The company has a market cap of $15.20 billion, a PE ratio of 15.46 and a beta of 1.15.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were paid a $0.1706 dividend. The ex-dividend date was Thursday, June 26th. This represents a $0.68 annualized dividend and a yield of 1.08%.

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.