Concurrent Investment Advisors LLC Acquires 58,391 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Concurrent Investment Advisors LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 27.0% in the 2nd quarter, Holdings Channel reports. The firm owned 274,842 shares of the company’s stock after buying an additional 58,391 shares during the period. Concurrent Investment Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $17,244,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WealthCare Investment Partners LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 0.3% during the second quarter. WealthCare Investment Partners LLC now owns 59,562 shares of the company’s stock worth $3,799,000 after buying an additional 161 shares in the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 34.2% during the second quarter. Raleigh Capital Management Inc. now owns 648 shares of the company’s stock worth $41,000 after buying an additional 165 shares in the last quarter. Barrett & Company Inc. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 0.7% during the second quarter. Barrett & Company Inc. now owns 31,120 shares of the company’s stock worth $1,952,000 after buying an additional 206 shares in the last quarter. Kaydan Wealth Management Inc. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 1.1% during the first quarter. Kaydan Wealth Management Inc. now owns 18,404 shares of the company’s stock worth $1,077,000 after buying an additional 207 shares in the last quarter. Finally, Purus Wealth Management LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 0.4% during the first quarter. Purus Wealth Management LLC now owns 50,320 shares of the company’s stock worth $2,946,000 after buying an additional 207 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:RDVY opened at $65.02 on Friday. The company has a fifty day moving average of $65.89 and a 200-day moving average of $61.94. The company has a market capitalization of $16.74 billion, a PE ratio of 15.46 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $68.11.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a dividend of $0.1487 per share. The ex-dividend date was Thursday, September 25th. This represents a $0.59 annualized dividend and a dividend yield of 0.9%.

First Trust Rising Dividend Achievers ETF 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.