Ameritas Advisory Services LLC Acquires 22,469 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Ameritas Advisory Services LLC boosted its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 105.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,805 shares of the company’s stock after buying an additional 22,469 shares during the period. Ameritas Advisory Services LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $3,043,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. First Horizon Corp bought a new position in First Trust Rising Dividend Achievers ETF in the 3rd quarter worth about $25,000. Financial Perspectives Inc bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter valued at about $26,000. Trust Co. of Vermont purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter worth about $27,000. Cullen Frost Bankers Inc. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the third quarter worth about $28,000. Finally, United Community Bank bought a new position in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter valued at approximately $28,000.

First Trust Rising Dividend Achievers ETF Trading Down 0.2%

Shares of NASDAQ:RDVY opened at $73.90 on Thursday. The company has a 50 day moving average of $71.48 and a 200 day moving average of $70.65. The stock has a market cap of $21.71 billion, a P/E ratio of 15.46 and a beta of 1.02. First Trust Rising Dividend Achievers ETF has a 12 month low of $59.01 and a 12 month high of $75.75.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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