Mpwm Advisory Solutions LLC Invests $286,000 in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Mpwm Advisory Solutions LLC bought a new stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,828 shares of the company's stock, valued at approximately $286,000.

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

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ RDVY traded down $0.54 on Friday, reaching $59.43. 964,238 shares of the company's stock traded hands, compared to its average volume of 850,676. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $64.63. The firm has a market cap of $13.84 billion, a price-to-earnings ratio of 14.58 and a beta of 1.15. The stock has a 50 day moving average price of $57.47 and a 200-day moving average price of $60.06.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.2544 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Thursday, March 27th. This is a boost from First Trust Rising Dividend Achievers ETF's previous quarterly dividend of $0.19.

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.