First Trust Rising Dividend Achievers ETF $RDVY Shares Purchased by Signature Equity Partners LLC

Signature Equity Partners LLC raised its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2,114.0% in the third quarter, Holdings Channel reports. The institutional investor owned 24,885 shares of the company’s stock after acquiring an additional 23,761 shares during the period. First Trust Rising Dividend Achievers ETF comprises about 0.7% of Signature Equity Partners LLC’s portfolio, making the stock its 24th biggest holding. Signature Equity Partners LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,948,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in First Trust Rising Dividend Achievers ETF by 12.2% in the 2nd 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 holdings in First Trust Rising Dividend Achievers ETF by 6.5% in the 1st 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 lifted its position in First Trust Rising Dividend Achievers ETF by 8.0% during the first 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 in the last quarter. Independent Financial Group LLC purchased a new position in First Trust Rising Dividend Achievers ETF during the first quarter valued at $18,560,000. Finally, Sentinel Advisory Group LLC purchased a new position in First Trust Rising Dividend Achievers ETF during the first quarter valued at $18,176,000.

First Trust Rising Dividend Achievers ETF Stock Up 0.8%

NASDAQ RDVY opened at $79.80 on Tuesday. The stock’s 50-day moving average price is $79.95 and its 200-day moving average price is $76.44. First Trust Rising Dividend Achievers ETF has a 52 week low of $64.99 and a 52 week high of $84.02. The company has a market capitalization of $25.61 billion, a P/E ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.