Brookstone Capital Management Buys 44,335 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Brookstone Capital Management boosted its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 95.4% in the second quarter, HoldingsChannel reports. The firm owned 90,823 shares of the company’s stock after acquiring an additional 44,335 shares during the period. Brookstone Capital Management’s holdings in First Trust Rising Dividend Achievers ETF were worth $5,698,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in shares of First Trust Rising Dividend Achievers ETF by 440.8% in the 1st quarter. Bank of New York Mellon Corp now owns 27,683 shares of the company’s stock valued at $1,621,000 after acquiring an additional 22,564 shares during the last quarter. Assetmark Inc. increased its stake in First Trust Rising Dividend Achievers ETF by 772.8% in the first quarter. Assetmark Inc. now owns 64,832 shares of the company’s stock valued at $3,795,000 after purchasing an additional 57,404 shares in the last quarter. Total Clarity Wealth Management Inc. increased its stake in First Trust Rising Dividend Achievers ETF by 6.0% in the second quarter. Total Clarity Wealth Management Inc. now owns 102,900 shares of the company’s stock valued at $6,456,000 after purchasing an additional 5,787 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of First Trust Rising Dividend Achievers ETF by 69.9% in the first quarter. Arkadios Wealth Advisors now owns 207,911 shares of the company’s stock worth $12,171,000 after purchasing an additional 85,516 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in First Trust Rising Dividend Achievers ETF by 0.7% during the first quarter. US Bancorp DE now owns 330,792 shares of the company’s stock worth $19,368,000 after purchasing an additional 2,315 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Trading Up 0.7%

Shares of RDVY stock opened at $67.38 on Friday. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $68.11. The firm’s fifty day moving average price is $66.32 and its two-hundred day moving average price is $62.52. The firm has a market capitalization of $17.45 billion, a P/E ratio of 15.46 and a beta of 1.15.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.