Apollon Wealth Management LLC Acquires 2,364 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Apollon Wealth Management LLC raised its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 16.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,450 shares of the company’s stock after acquiring an additional 2,364 shares during the period. Apollon Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,032,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Compass Financial Services Inc bought a new position in First Trust Rising Dividend Achievers ETF during the first quarter valued at approximately $26,000. Farmers & Merchants Investments Inc. bought a new position in First Trust Rising Dividend Achievers ETF during the second quarter valued at approximately $26,000. SVB Wealth LLC bought a new position in First Trust Rising Dividend Achievers ETF during the first quarter valued at approximately $29,000. Rise Advisors LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF in the first quarter worth approximately $31,000. Finally, Atlantic Edge Private Wealth Management LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 224.0% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 674 shares of the company’s stock worth $39,000 after purchasing an additional 466 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of First Trust Rising Dividend Achievers ETF stock opened at $66.58 on Wednesday. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $68.11. The stock has a market capitalization of $17.14 billion, a price-to-earnings ratio of 15.46 and a beta of 1.15. The company’s 50 day moving average price is $66.00 and its 200-day moving average price is $62.05.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.