PKS Advisory Services LLC Acquires 2,505 Shares of First Trust Rising Dividend Achievers ETF $RDVY

PKS Advisory Services LLC grew its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 9.7% in the 2nd quarter, Holdings Channel reports. The fund owned 28,333 shares of the company’s stock after purchasing an additional 2,505 shares during the quarter. PKS Advisory Services LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,778,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Farmers & Merchants Investments Inc. acquired a new position in First Trust Rising Dividend Achievers ETF during the 2nd quarter valued at $26,000. Compass Financial Services Inc acquired a new stake in First Trust Rising Dividend Achievers ETF in the 1st quarter worth $26,000. SVB Wealth LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter worth about $29,000. Rise Advisors LLC acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the first quarter valued at about $31,000. Finally, Private Wealth Asset Management LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 201.1% during the second quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock valued at $33,000 after buying an additional 352 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Up 0.4%

RDVY stock opened at $65.93 on Thursday. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $68.49. The company has a market cap of $17.23 billion, a PE ratio of 15.46 and a beta of 1.10. The business’s 50-day simple moving average is $67.00 and its 200 day simple moving average is $64.20.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed 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. This represents a $0.59 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, September 25th.

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.