Spectrum Wealth Advisory Group LLC Purchases 43,744 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Spectrum Wealth Advisory Group LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 17.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 293,346 shares of the company’s stock after buying an additional 43,744 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up 8.2% of Spectrum Wealth Advisory Group LLC’s holdings, making the stock its 4th biggest position. Spectrum Wealth Advisory Group LLC owned about 0.13% of First Trust Rising Dividend Achievers ETF worth $17,172,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SVB Wealth LLC purchased a new position in First Trust Rising Dividend Achievers ETF during the first quarter valued at $29,000. Atlantic Edge Private Wealth Management LLC lifted its holdings in First Trust Rising Dividend Achievers ETF by 224.0% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 674 shares of the company’s stock valued at $39,000 after purchasing an additional 466 shares in the last quarter. Rossby Financial LCC purchased a new position in First Trust Rising Dividend Achievers ETF during the first quarter valued at $46,000. Fifth Third Bancorp lifted its holdings in First Trust Rising Dividend Achievers ETF by 652.0% during the first quarter. Fifth Third Bancorp now owns 940 shares of the company’s stock valued at $55,000 after purchasing an additional 815 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its holdings in First Trust Rising Dividend Achievers ETF by 35.5% during the first quarter. Hazlett Burt & Watson Inc. now owns 1,286 shares of the company’s stock valued at $76,000 after purchasing an additional 337 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Down 0.2%

RDVY opened at $65.74 on Friday. The company has a market cap of $16.04 billion, a price-to-earnings ratio of 15.46 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $66.05. The firm’s fifty day simple moving average is $63.80 and its two-hundred day simple moving average is $60.62.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were issued a dividend of $0.1706 per share. This represents a $0.68 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, June 26th.

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.