Prospera Financial Services Inc Buys 22,989 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Prospera Financial Services Inc lifted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,113,908 shares of the company’s stock after purchasing an additional 22,989 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises 1.3% of Prospera Financial Services Inc’s portfolio, making the stock its 9th largest position. Prospera Financial Services Inc’s holdings in First Trust Rising Dividend Achievers ETF were worth $77,412,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in RDVY. AQR Capital Management LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 70.2% during the 1st quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock worth $1,819,000 after purchasing an additional 12,820 shares during the period. First Trust Advisors LP raised its position in shares of First Trust Rising Dividend Achievers ETF by 104.0% during the 2nd quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock worth $1,502,000 after purchasing an additional 12,204 shares during the period. Cerity Partners LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 38.1% during the 2nd quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock worth $355,000 after purchasing an additional 1,561 shares during the period. Betterment LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 19.4% during the 2nd quarter. Betterment LLC now owns 48,475 shares of the company’s stock worth $3,041,000 after purchasing an additional 7,892 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the 2nd quarter worth approximately $1,433,000.

First Trust Rising Dividend Achievers ETF Trading Up 0.6%

Shares of First Trust Rising Dividend Achievers ETF stock opened at $75.24 on Friday. The business’s 50 day simple moving average is $72.01 and its 200-day simple moving average is $70.94. The stock has a market capitalization of $22.10 billion, a price-to-earnings ratio of 15.46 and a beta of 1.02. First Trust Rising Dividend Achievers ETF has a twelve month low of $59.01 and a twelve month high of $75.75.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.1813 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, March 26th.

About First Trust Rising Dividend Achievers ETF

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.