First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Shares Acquired by First Heartland Consultants Inc.

First Heartland Consultants Inc. boosted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 384,890 shares of the company's stock after buying an additional 45,415 shares during the period. First Trust Rising Dividend Achievers ETF accounts for about 2.2% of First Heartland Consultants Inc.'s investment portfolio, making the stock its 7th biggest holding. First Heartland Consultants Inc. owned approximately 0.18% of First Trust Rising Dividend Achievers ETF worth $22,762,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Cullen Frost Bankers Inc. purchased a new position in First Trust Rising Dividend Achievers ETF in the fourth quarter worth $25,000. Summit Investment Advisors Inc. boosted its position in shares of First Trust Rising Dividend Achievers ETF by 195.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 443 shares of the company's stock worth $26,000 after purchasing an additional 293 shares in the last quarter. Graney & King LLC purchased a new position in First Trust Rising Dividend Achievers ETF during the 4th quarter worth $27,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in First Trust Rising Dividend Achievers ETF during the 4th quarter valued at about $38,000. Finally, Sound Income Strategies LLC purchased a new stake in First Trust Rising Dividend Achievers ETF in the fourth quarter valued at about $40,000.

First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ RDVY traded down $0.54 during trading on Monday, hitting $59.43. The company's stock had a trading volume of 964,238 shares, compared to its average volume of 850,676. The business's 50 day simple moving average is $57.47 and its 200-day simple moving average is $60.04. The company has a market cap of $13.84 billion, a PE ratio of 14.58 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $64.63.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a dividend of $0.2544 per share. This is a positive change 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 yield of 1.71%.

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.