Breakthru Advisory Services LLC Acquires New Position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Breakthru Advisory Services LLC purchased a new position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 202,555 shares of the company's stock, valued at approximately $11,979,000. First Trust Rising Dividend Achievers ETF accounts for approximately 10.8% of Breakthru Advisory Services LLC's investment portfolio, making the stock its 2nd largest holding. Breakthru Advisory Services LLC owned about 0.09% of First Trust Rising Dividend Achievers ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RDVY. Sunbelt Securities Inc. grew its stake in First Trust Rising Dividend Achievers ETF by 76.7% in the fourth quarter. Sunbelt Securities Inc. now owns 13,476 shares of the company's stock valued at $795,000 after purchasing an additional 5,848 shares during the last quarter. Stonebridge Financial Planning Group LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 8.7% in the 4th quarter. Stonebridge Financial Planning Group LLC now owns 19,938 shares of the company's stock valued at $1,179,000 after buying an additional 1,602 shares in the last quarter. Novem Group purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter worth approximately $1,057,000. First Heartland Consultants Inc. raised its stake in shares of First Trust Rising Dividend Achievers ETF by 13.4% during the 4th quarter. First Heartland Consultants Inc. now owns 384,890 shares of the company's stock worth $22,762,000 after acquiring an additional 45,415 shares in the last quarter. Finally, Continuum Advisory LLC lifted its position in First Trust Rising Dividend Achievers ETF by 1.7% during the fourth quarter. Continuum Advisory LLC now owns 10,589 shares of the company's stock valued at $626,000 after acquiring an additional 173 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ RDVY traded down $0.22 on Wednesday, hitting $60.44. The stock had a trading volume of 388,285 shares, compared to its average volume of 847,533. The business's fifty day moving average price is $57.50 and its 200 day moving average price is $60.02. The stock has a market cap of $14.08 billion, a price-to-earnings ratio of 14.58 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $64.63.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.2544 dividend. This is a boost from First Trust Rising Dividend Achievers ETF's previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.68%.

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.