Western Wealth Management LLC Grows Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Western Wealth Management LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 353,709 shares of the company’s stock after acquiring an additional 15,055 shares during the period. First Trust Rising Dividend Achievers ETF comprises about 0.9% of Western Wealth Management LLC’s holdings, making the stock its 18th biggest position. Western Wealth Management LLC owned about 0.12% of First Trust Rising Dividend Achievers ETF worth $24,151,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Financial Perspectives Inc purchased a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter worth $26,000. Huntington National Bank boosted its position in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% in the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after buying an additional 370 shares in the last quarter. United Community Bank acquired a new stake in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at about $28,000. Bessemer Group Inc. acquired a new stake in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at about $29,000. Finally, Anchor Investment Management LLC purchased a new position in First Trust Rising Dividend Achievers ETF during the 1st quarter valued at about $34,000.

First Trust Rising Dividend Achievers ETF Trading Up 0.1%

Shares of RDVY opened at $83.25 on Wednesday. The stock has a market cap of $25.53 billion, a P/E ratio of 15.46 and a beta of 1.00. The company has a 50-day moving average of $79.82 and a two-hundred day moving average of $74.93. First Trust Rising Dividend Achievers ETF has a 12-month low of $64.11 and a 12-month high of $83.99.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.1474 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 25th.

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.