TD Capital Management LLC Has $2.14 Million Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

TD Capital Management LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 69.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,852 shares of the company’s stock after purchasing an additional 12,603 shares during the quarter. TD Capital Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $2,143,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC increased its position in shares of First Trust Rising Dividend Achievers ETF by 10.5% in the 4th quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock valued at $2,119,121,000 after buying an additional 2,907,770 shares in the last quarter. Wells Fargo & Company MN raised its holdings in First Trust Rising Dividend Achievers ETF by 10.6% during the 4th quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock worth $783,359,000 after buying an additional 1,076,558 shares during the period. Ameriprise Financial Inc. lifted its stake in First Trust Rising Dividend Achievers ETF by 15.7% in the second quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock valued at $442,526,000 after buying an additional 957,587 shares in the last quarter. Morgan Stanley lifted its stake in First Trust Rising Dividend Achievers ETF by 4.9% in the fourth quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock valued at $1,400,025,000 after buying an additional 940,590 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 74.0% in the third quarter. JPMorgan Chase & Co. now owns 1,707,049 shares of the company’s stock valued at $114,816,000 after buying an additional 725,742 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Up 0.8%

First Trust Rising Dividend Achievers ETF stock opened at $79.15 on Friday. The company has a 50 day moving average of $75.10 and a 200-day moving average of $72.26. First Trust Rising Dividend Achievers ETF has a twelve month low of $60.30 and a twelve month high of $80.05. The stock has a market capitalization of $23.25 billion, a PE ratio of 15.46 and a beta of 1.01.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a $0.1813 dividend. This represents a $0.73 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 26th.

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.