Valmark Advisers Inc. Purchases 6,460 Shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Valmark Advisers Inc. increased its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2.6% during the 4th quarter, Holdings Channel reports. The firm owned 253,875 shares of the company’s stock after acquiring an additional 6,460 shares during the period. Valmark Advisers Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $13,118,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farmers & Merchants Investments Inc. bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter valued at $25,000. Hazlett Burt & Watson Inc. increased its holdings in First Trust Rising Dividend Achievers ETF by 87.5% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 478 shares of the company’s stock valued at $25,000 after acquiring an additional 223 shares during the last quarter. PFG Private Wealth Management LLC bought a new stake in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at $26,000. Arlington Trust Co LLC bought a new stake in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at $29,000. Finally, Grove Bank & Trust bought a new stake in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at $42,000.

First Trust Rising Dividend Achievers ETF Stock Down 0.1 %

NASDAQ RDVY traded down $0.03 on Friday, reaching $54.24. The company had a trading volume of 675,886 shares, compared to its average volume of 798,541. The stock has a market capitalization of $10.25 billion, a PE ratio of 9.78 and a beta of 0.96. The firm’s 50 day moving average price is $54.14 and its 200 day moving average price is $50.76. First Trust Rising Dividend Achievers ETF has a 12 month low of $42.42 and a 12 month high of $56.28.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were issued a $0.2238 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.90 dividend on an annualized basis and a yield of 1.65%.

First Trust Rising Dividend Achievers ETF Company 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.