Ignite Planners LLC Grows Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

Ignite Planners LLC boosted its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 122.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 38,362 shares of the company’s stock after acquiring an additional 21,155 shares during the period. Ignite Planners LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $2,772,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Perspectives Inc acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter valued at approximately $26,000. Trust Co. of Vermont purchased a new stake in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at approximately $27,000. Cullen Frost Bankers Inc. purchased a new stake in First Trust Rising Dividend Achievers ETF in the 3rd quarter valued at approximately $28,000. United Community Bank acquired a new stake in First Trust Rising Dividend Achievers ETF during the 4th quarter valued at $28,000. Finally, Pin Oak Investment Advisors Inc. purchased a new position in First Trust Rising Dividend Achievers ETF during the third quarter worth $38,000.

First Trust Rising Dividend Achievers ETF Stock Up 0.2%

Shares of First Trust Rising Dividend Achievers ETF stock opened at $74.79 on Friday. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $59.01 and a fifty-two week high of $75.75. The business’s fifty day moving average is $71.90 and its two-hundred day moving average is $70.91. The firm has a market cap of $21.97 billion, a PE ratio of 15.46 and a beta of 1.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed 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 of this dividend was Thursday, March 26th. This represents a $0.73 annualized dividend and a yield of 1.0%.

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.