Kovack Advisors Inc. Has $10.46 Million Stake in First Trust Rising Dividend Achievers ETF $RDVY

Kovack Advisors Inc. increased its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 33.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,525 shares of the company’s stock after buying an additional 37,526 shares during the period. Kovack Advisors Inc. owned 0.05% of First Trust Rising Dividend Achievers ETF worth $10,457,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Financial Perspectives Inc acquired a new position in First Trust Rising Dividend Achievers ETF during the fourth quarter valued at approximately $26,000. Huntington National Bank raised its position in First Trust Rising Dividend Achievers ETF by 37,000.0% during the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock valued at $26,000 after purchasing an additional 370 shares in the last quarter. Trust Co. of Vermont acquired a new position in First Trust Rising Dividend Achievers ETF during the fourth quarter valued at approximately $27,000. United Community Bank acquired a new position in First Trust Rising Dividend Achievers ETF during the fourth quarter valued at approximately $28,000. Finally, Lloyd Advisory Services LLC. acquired a new position in First Trust Rising Dividend Achievers ETF during the fourth quarter valued at approximately $36,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of RDVY opened at $77.72 on Friday. First Trust Rising Dividend Achievers ETF has a one year low of $60.30 and a one year high of $78.00. The company has a market cap of $22.83 billion, a P/E ratio of 15.46 and a beta of 1.01. The firm has a 50 day simple moving average of $74.12 and a two-hundred day simple moving average of $71.87.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.1813 per share. This represents a $0.73 annualized dividend and a yield of 0.9%. The ex-dividend date was Thursday, March 26th.

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.