Atlantic Union Bankshares Corp Buys 24,242 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Atlantic Union Bankshares Corp boosted its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 20.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 144,052 shares of the company’s stock after buying an additional 24,242 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in First Trust Rising Dividend Achievers ETF were worth $9,689,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of RDVY. Confluence Wealth Services Inc. lifted its position in First Trust Rising Dividend Achievers ETF by 1.2% in the third quarter. Confluence Wealth Services Inc. now owns 12,638 shares of the company’s stock worth $850,000 after purchasing an additional 153 shares during the period. Howard Bailey Securities LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 4.6% in the 3rd quarter. Howard Bailey Securities LLC now owns 3,673 shares of the company’s stock valued at $247,000 after buying an additional 160 shares in the last quarter. Centerpoint Advisory Group lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 0.5% during the 2nd 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 period. HBK Sorce Advisory LLC increased its stake in First Trust Rising Dividend Achievers ETF by 1.4% in the third quarter. HBK Sorce Advisory LLC now owns 12,857 shares of the company’s stock valued at $865,000 after acquiring an additional 183 shares during the period. Finally, Moors & Cabot Inc. raised its position in First Trust Rising Dividend Achievers ETF by 2.4% in the second quarter. Moors & Cabot Inc. now owns 8,218 shares of the company’s stock worth $516,000 after purchasing an additional 194 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Up 1.2%

Shares of RDVY opened at $73.13 on Tuesday. The company has a 50-day moving average price of $70.70 and a two-hundred day moving average price of $67.65. The stock has a market cap of $20.58 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a 12 month low of $50.27 and a 12 month high of $73.43.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a dividend of $0.1996 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15.

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.