First Trust Rising Dividend Achievers ETF $RDVY Shares Bought by Golden State Wealth Management LLC

Golden State Wealth Management LLC raised its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 29.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 224,504 shares of the company’s stock after purchasing an additional 51,572 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up 1.7% of Golden State Wealth Management LLC’s holdings, making the stock its 10th biggest position. Golden State Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $14,085,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in RDVY. Fairway Financial LLC lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 1.8% during the 2nd quarter. Fairway Financial LLC now owns 127,462 shares of the company’s stock worth $7,997,000 after buying an additional 2,243 shares during the last quarter. Ethos Financial Group LLC lifted its position in First Trust Rising Dividend Achievers ETF by 3,584.1% during the second quarter. Ethos Financial Group LLC now owns 147,989 shares of the company’s stock worth $9,285,000 after acquiring an additional 143,972 shares during the last quarter. Centerpoint Advisory Group lifted its position in First Trust Rising Dividend Achievers ETF by 0.5% during the second quarter. Centerpoint Advisory Group now owns 33,586 shares of the company’s stock worth $2,107,000 after acquiring an additional 172 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in First Trust Rising Dividend Achievers ETF during the second quarter worth approximately $7,517,000. Finally, First Horizon Advisors Inc. lifted its holdings in First Trust Rising Dividend Achievers ETF by 5.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 180,924 shares of the company’s stock worth $11,351,000 after purchasing an additional 9,141 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Trading Up 0.9%

NASDAQ:RDVY opened at $67.56 on Thursday. The stock has a market cap of $17.63 billion, a P/E ratio of 15.46 and a beta of 1.10. The stock has a 50 day simple moving average of $66.76 and a 200 day simple moving average of $63.46. First Trust Rising Dividend Achievers ETF has a 1-year low of $50.27 and a 1-year high of $68.49.

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 dividend of $0.1487 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.59 dividend on an annualized basis 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.