First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Stake Boosted by TruWealth Advisors LLC

TruWealth Advisors LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,301 shares of the company’s stock after acquiring an additional 3,156 shares during the period. TruWealth Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,350,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RDVY. Raymond James Financial Inc. purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter valued at $593,242,000. Leigh Baldwin & CO. LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter valued at $132,464,000. Ameriprise Financial Inc. grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 30.0% during the 4th quarter. Ameriprise Financial Inc. now owns 6,135,682 shares of the company’s stock valued at $362,832,000 after acquiring an additional 1,417,024 shares in the last quarter. LPL Financial LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.8% during the 4th quarter. LPL Financial LLC now owns 21,307,144 shares of the company’s stock valued at $1,260,104,000 after acquiring an additional 980,714 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 7.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company’s stock valued at $333,550,000 after acquiring an additional 409,135 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Up 0.7%

First Trust Rising Dividend Achievers ETF stock opened at $60.91 on Wednesday. The company’s fifty day simple moving average is $57.60 and its 200-day simple moving average is $59.94. First Trust Rising Dividend Achievers ETF has a 12 month low of $50.27 and a 12 month high of $64.63. The stock has a market cap of $14.19 billion, a P/E ratio of 15.48 and a beta of 1.15.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.2544 dividend. The ex-dividend date was Thursday, March 27th. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.19. This represents a $1.02 dividend on an annualized basis and a yield of 1.67%.

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.