7,648 Shares of First Trust Rising Dividend Achievers ETF $RDVY Bought by Fifth Third Securities Inc.

Fifth Third Securities Inc. acquired a new stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the third quarter, Holdings Channel.com reports. The fund acquired 7,648 shares of the company’s stock, valued at approximately $599,000.

Other hedge funds have also recently modified their holdings of the company. Elevation Point Wealth Partners LLC increased its position in First Trust Rising Dividend Achievers ETF by 1,520.4% during the first quarter. Elevation Point Wealth Partners LLC now owns 722,842 shares of the company’s stock worth $49,356,000 after purchasing an additional 678,232 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in First Trust Rising Dividend Achievers ETF by 12.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,492,637 shares of the company’s stock worth $283,113,000 after purchasing an additional 379,961 shares during the period. Royal Bank of Canada raised its stake in First Trust Rising Dividend Achievers ETF by 6.5% during the first quarter. Royal Bank of Canada now owns 5,030,578 shares of the company’s stock worth $343,487,000 after purchasing an additional 307,823 shares during the period. Cetera Investment Advisers boosted its holdings in First Trust Rising Dividend Achievers ETF by 8.0% in the 1st quarter. Cetera Investment Advisers now owns 4,044,145 shares of the company’s stock valued at $276,134,000 after purchasing an additional 299,620 shares during the last quarter. Finally, Independent Financial Group LLC acquired a new position in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at about $18,560,000.

First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ:RDVY opened at $79.67 on Friday. The company’s 50-day moving average is $80.40 and its two-hundred day moving average is $78.48. First Trust Rising Dividend Achievers ETF has a 1-year low of $64.99 and a 1-year high of $84.02. The firm has a market capitalization of $25.57 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a dividend of $0.1521 per share. The ex-dividend date was Thursday, September 24th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474.

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.