Legacy Wealth Managment LLC ID Purchases 14,950 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Legacy Wealth Managment LLC ID increased its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 58.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,654 shares of the company’s stock after acquiring an additional 14,950 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up 1.4% of Legacy Wealth Managment LLC ID’s investment portfolio, making the stock its 16th largest position. Legacy Wealth Managment LLC ID’s holdings in First Trust Rising Dividend Achievers ETF were worth $2,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of RDVY. First Horizon Corp purchased a new stake in First Trust Rising Dividend Achievers ETF in the 3rd quarter worth approximately $25,000. Financial Perspectives Inc purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter valued at approximately $26,000. Trust Co. of Vermont purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter valued at approximately $27,000. Cullen Frost Bankers Inc. bought a new position in First Trust Rising Dividend Achievers ETF during the 3rd quarter valued at approximately $28,000. Finally, United Community Bank bought a new position in First Trust Rising Dividend Achievers ETF during the 4th quarter valued at approximately $28,000.

First Trust Rising Dividend Achievers ETF Stock Up 0.3%

RDVY stock opened at $74.59 on Friday. The firm has a market cap of $21.91 billion, a PE ratio of 15.46 and a beta of 1.02. The business has a 50 day moving average of $71.35 and a 200 day moving average of $70.45. First Trust Rising Dividend Achievers ETF has a twelve month low of $58.58 and a twelve month high of $75.75.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.1813 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.0%.

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.