First Trust Rising Dividend Achievers ETF $RDVY Stock: Victory Financial Group LLC Raises Holdings

Victory Financial Group LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 444.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 93,045 shares of the company’s stock after purchasing an additional 75,958 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up about 0.7% of Victory Financial Group LLC’s investment portfolio, making the stock its 26th biggest position. Victory Financial Group LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $7,284,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. RVW Wealth LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF by 1.6% in the third quarter. RVW Wealth LLC now owns 596,440 shares of the company’s stock worth $46,695,000 after acquiring an additional 9,534 shares during the last quarter. Serenity Investment Advisors grew its holdings in First Trust Rising Dividend Achievers ETF by 34.1% in the second quarter. Serenity Investment Advisors now owns 28,004 shares of the company’s stock valued at $2,282,000 after purchasing an additional 7,116 shares during the period. Crumly & Associates Inc. grew its holdings in First Trust Rising Dividend Achievers ETF by 7.3% in the third quarter. Crumly & Associates Inc. now owns 346,312 shares of the company’s stock valued at $27,113,000 after purchasing an additional 23,535 shares during the period. First Heartland Consultants Inc. increased its position in First Trust Rising Dividend Achievers ETF by 4.5% during the third quarter. First Heartland Consultants Inc. now owns 510,462 shares of the company’s stock worth $39,964,000 after purchasing an additional 21,945 shares during the last quarter. Finally, Rehmann Capital Advisory Group raised its stake in First Trust Rising Dividend Achievers ETF by 43.3% during the second quarter. Rehmann Capital Advisory Group now owns 35,052 shares of the company’s stock worth $3,091,000 after purchasing an additional 10,599 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Up 0.1%

Shares of RDVY opened at $79.14 on Wednesday. The firm has a market cap of $25.36 billion, a PE ratio of 15.46 and a beta of 1.00. The company’s fifty day moving average is $80.16 and its two-hundred day moving average is $76.29. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $64.99 and a fifty-two week high of $84.02.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a dividend of $0.1521 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, September 24th. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474.

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.