Hobart Private Capital LLC Buys 14,626 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Hobart Private Capital LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 504,239 shares of the company’s stock after buying an additional 14,626 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for about 6.8% of Hobart Private Capital LLC’s holdings, making the stock its biggest holding. Hobart Private Capital LLC owned approximately 0.18% of First Trust Rising Dividend Achievers ETF worth $35,029,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Merit Financial Group LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 311.3% during the 4th quarter. Merit Financial Group LLC now owns 210,248 shares of the company’s stock worth $14,606,000 after buying an additional 159,124 shares during the last quarter. AE Wealth Management LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 8.6% during the 4th quarter. AE Wealth Management LLC now owns 101,454 shares of the company’s stock worth $7,048,000 after buying an additional 8,043 shares during the last quarter. Iams Wealth Management LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 66.7% during the 4th quarter. Iams Wealth Management LLC now owns 75,457 shares of the company’s stock worth $5,242,000 after buying an additional 30,188 shares during the last quarter. O Connor Financial Group LLC bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter worth $10,958,000. Finally, Independent Wealth Network Inc. lifted its position in shares of First Trust Rising Dividend Achievers ETF by 8.0% during the 4th quarter. Independent Wealth Network Inc. now owns 7,923 shares of the company’s stock worth $550,000 after buying an additional 589 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Trading Up 1.8%

First Trust Rising Dividend Achievers ETF stock opened at $74.50 on Friday. The company has a market capitalization of $21.72 billion, a PE ratio of 15.46 and a beta of 1.03. First Trust Rising Dividend Achievers ETF has a 12 month low of $52.88 and a 12 month high of $74.96. The stock has a 50-day moving average price of $70.79 and a two-hundred day moving average price of $69.74.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.1813 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.73 annualized dividend and a yield of 1.0%.

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.