StoneCrest Wealth Management Inc. Buys 10,361 Shares of First Trust Rising Dividend Achievers ETF $RDVY

StoneCrest Wealth Management Inc. increased its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY – Free Report) by 9.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 116,713 shares of the company’s stock after acquiring an additional 10,361 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises about 3.3% of StoneCrest Wealth Management Inc.’s holdings, making the stock its 8th largest position. StoneCrest Wealth Management Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $8,108,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of RDVY. Ameriprise Financial Inc. raised its position in First Trust Rising Dividend Achievers ETF by 15.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock worth $442,526,000 after purchasing an additional 957,587 shares during the last quarter. JPMorgan Chase & Co. boosted its position in First Trust Rising Dividend Achievers ETF by 74.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,707,049 shares of the company’s stock valued at $114,816,000 after buying an additional 725,742 shares during the last quarter. UBS Group AG boosted its position in First Trust Rising Dividend Achievers ETF by 12.2% in the 3rd quarter. UBS Group AG now owns 5,740,264 shares of the company’s stock valued at $386,090,000 after buying an additional 624,936 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of First Trust Rising Dividend Achievers ETF by 13.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock valued at $329,979,000 after buying an additional 577,318 shares during the period. Finally, Prudential PLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the 3rd quarter valued at $32,762,000.

First Trust Rising Dividend Achievers ETF Stock Up 0.1%

RDVY stock opened at $68.89 on Friday. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $73.54. The company has a market cap of $20.00 billion, a P/E ratio of 15.46 and a beta of 1.10. The business has a fifty day moving average of $70.87 and a 200-day moving average of $69.34.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.1813 per share. This represents a $0.73 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, March 26th.

First Trust Rising Dividend Achievers ETF Company Profile

(Free Report)

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.

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