Gateway Wealth Partners LLC Buys 119,193 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Gateway Wealth Partners LLC grew its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 91.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 249,140 shares of the company’s stock after acquiring an additional 119,193 shares during the quarter. Gateway Wealth Partners LLC owned 0.08% of First Trust Rising Dividend Achievers ETF worth $17,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in RDVY. Financial Perspectives Inc bought a new stake in First Trust Rising Dividend Achievers ETF in the 4th quarter worth about $26,000. Huntington National Bank boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% in the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after buying an additional 370 shares during the last quarter. Trust Co. of Vermont purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter valued at approximately $27,000. United Community Bank bought a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter worth $28,000. Finally, Bessemer Group Inc. purchased a new position in First Trust Rising Dividend Achievers ETF in the first quarter worth $29,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of First Trust Rising Dividend Achievers ETF stock opened at $79.98 on Monday. The firm has a market cap of $24.39 billion, a PE ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 1 year low of $62.02 and a 1 year high of $81.36. The stock has a fifty day moving average price of $78.14 and a 200-day moving average price of $74.11.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.1474 per share. This represents a $0.59 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, June 25th.

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.