First Trust Rising Dividend Achievers ETF $RDVY Shares Purchased by Gladstone Institutional Advisory LLC

by · The Markets Daily

Gladstone Institutional Advisory LLC raised its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY – Free Report) by 102.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 460,658 shares of the company’s stock after purchasing an additional 233,305 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises about 1.2% of Gladstone Institutional Advisory LLC’s investment portfolio, making the stock its 15th biggest position. Gladstone Institutional Advisory LLC owned 0.18% of First Trust Rising Dividend Achievers ETF worth $30,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Trexquant Investment LP grew its stake in shares of First Trust Rising Dividend Achievers ETF by 6.2% in the first quarter. Trexquant Investment LP now owns 5,307 shares of the company’s stock valued at $311,000 after buying an additional 308 shares in the last quarter. AQR Capital Management LLC lifted its position in First Trust Rising Dividend Achievers ETF by 70.2% during the 1st quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock worth $1,819,000 after acquiring an additional 12,820 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 39.1% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 27,609 shares of the company’s stock worth $1,616,000 after acquiring an additional 7,764 shares during the period. Signature Estate & Investment Advisors LLC grew its position in First Trust Rising Dividend Achievers ETF by 24.0% in the first quarter. Signature Estate & Investment Advisors LLC now owns 22,352 shares of the company’s stock valued at $1,308,000 after acquiring an additional 4,326 shares in the last quarter. Finally, Coppell Advisory Solutions LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 67.5% during the first quarter. Coppell Advisory Solutions LLC now owns 41,292 shares of the company’s stock valued at $2,359,000 after purchasing an additional 16,646 shares during the period.

First Trust Rising Dividend Achievers ETF Trading Up 2.0%

NASDAQ RDVY opened at $71.55 on Tuesday. The stock has a market cap of $19.64 billion, a P/E ratio of 15.46 and a beta of 1.10. The company’s fifty day simple moving average is $68.56 and its 200-day simple moving average is $66.28. First Trust Rising Dividend Achievers ETF has a 52 week low of $50.27 and a 52 week high of $71.82.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.1996 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, December 12th. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15.

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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