WealthBridge Capital Management LLC Boosts Holdings in First Trust Rising Dividend Achievers ETF $RDVY

WealthBridge Capital Management LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 8.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 28,377 shares of the company’s stock after purchasing an additional 2,147 shares during the period. WealthBridge Capital Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,780,000 at the end of the most recent quarter.

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

First Trust Rising Dividend Achievers ETF Price Performance

RDVY opened at $66.25 on Friday. The firm has a fifty day moving average price of $66.96 and a 200 day moving average price of $64.26. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $68.49. The stock has a market cap of $17.31 billion, a P/E ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were given a $0.1487 dividend. The ex-dividend date 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.