First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Increases Dividend to $0.15 Per Share

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) announced a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be paid a dividend of 0.1521 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, September 24th. This is a 3.2% increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15.

First Trust Rising Dividend Achievers ETF Trading Down 0.4%

Shares of RDVY stock traded down $0.29 during mid-day trading on Thursday, reaching $78.64. The stock had a trading volume of 123,286 shares, compared to its average volume of 1,290,764. The firm has a market capitalization of $26.67 billion, a PE ratio of 15.46 and a beta of 1.00. The stock’s 50-day moving average price is $81.35 and its two-hundred day moving average price is $76.92. First Trust Rising Dividend Achievers ETF has a 52-week low of $64.97 and a 52-week high of $84.02.

Institutional Investors Weigh In On First Trust Rising Dividend Achievers ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. LPL Financial LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF by 10.5% during the fourth quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock valued at $2,119,121,000 after buying an additional 2,907,770 shares during the period. Arax Advisory Partners bought a new stake in First Trust Rising Dividend Achievers ETF in the fourth quarter valued at $47,643,000. Elevation Point Wealth Partners LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 1,520.4% in the first quarter. Elevation Point Wealth Partners LLC now owns 722,842 shares of the company’s stock valued at $49,356,000 after acquiring an additional 678,232 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in First Trust Rising Dividend Achievers ETF by 126.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 951,998 shares of the company’s stock valued at $66,135,000 after purchasing an additional 530,990 shares during the period. Finally, BNP Paribas Financial Markets increased its position in First Trust Rising Dividend Achievers ETF by 640.9% during the 4th quarter. BNP Paribas Financial Markets now owns 554,949 shares of the company’s stock valued at $38,552,000 after purchasing an additional 480,047 shares during the period.

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.