Thoroughbred Financial Services LLC Acquires 8,971 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Thoroughbred Financial Services LLC grew its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 5.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 185,045 shares of the company’s stock after purchasing an additional 8,971 shares during the period. Thoroughbred Financial Services LLC owned about 0.06% of First Trust Rising Dividend Achievers ETF worth $14,999,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in RDVY. Bank Julius Baer & Co. Ltd Zurich bought a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter worth about $628,000. J.W. Cole Advisors Inc. boosted its position in First Trust Rising Dividend Achievers ETF by 16.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 105,998 shares of the company’s stock valued at $7,334,000 after purchasing an additional 14,615 shares during the last quarter. Koshinski Asset Management Inc. grew its stake in First Trust Rising Dividend Achievers ETF by 3.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 568,144 shares of the company’s stock valued at $39,469,000 after purchasing an additional 17,317 shares in the last quarter. Ignite Planners LLC increased its position in shares of First Trust Rising Dividend Achievers ETF by 122.9% during the 4th quarter. Ignite Planners LLC now owns 38,362 shares of the company’s stock worth $2,772,000 after purchasing an additional 21,155 shares during the last quarter. Finally, Mutual Advisors LLC increased its position in shares of First Trust Rising Dividend Achievers ETF by 18.2% during the 4th quarter. Mutual Advisors LLC now owns 85,999 shares of the company’s stock worth $5,974,000 after purchasing an additional 13,237 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Up 0.6%

Shares of First Trust Rising Dividend Achievers ETF stock opened at $81.95 on Friday. First Trust Rising Dividend Achievers ETF has a 12-month low of $64.75 and a 12-month high of $84.02. The stock has a market cap of $25.13 billion, a P/E ratio of 15.46 and a beta of 1.00. The business’s 50 day moving average is $80.82 and its 200-day moving average is $75.50.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced 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.

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.