Golden State Wealth Management LLC Raises Stock Holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Golden State Wealth Management LLC boosted its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 15.3% in the first quarter, HoldingsChannel reports. The firm owned 172,932 shares of the company’s stock after purchasing an additional 22,998 shares during the period. First Trust Rising Dividend Achievers ETF comprises about 1.5% of Golden State Wealth Management LLC’s portfolio, making the stock its 13th largest holding. Golden State Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $10,123,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RDVY. Bank of New York Mellon Corp raised its stake in First Trust Rising Dividend Achievers ETF by 16.3% during the fourth quarter. Bank of New York Mellon Corp now owns 5,119 shares of the company’s stock valued at $303,000 after buying an additional 719 shares in the last quarter. NewSquare Capital LLC acquired a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter valued at approximately $178,000. Assetmark Inc. raised its stake in First Trust Rising Dividend Achievers ETF by 55.8% during the fourth quarter. Assetmark Inc. now owns 7,428 shares of the company’s stock valued at $439,000 after buying an additional 2,661 shares in the last quarter. Atria Investments Inc raised its stake in First Trust Rising Dividend Achievers ETF by 6.0% during the fourth quarter. Atria Investments Inc now owns 63,134 shares of the company’s stock valued at $3,734,000 after buying an additional 3,581 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter valued at approximately $25,000.

First Trust Rising Dividend Achievers ETF Stock Down 1.4%

Shares of NASDAQ RDVY opened at $62.61 on Friday. The stock’s 50 day moving average price is $60.38 and its two-hundred day moving average price is $59.75. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $64.63. The stock has a market capitalization of $14.58 billion, a P/E ratio of 14.82 and a beta of 1.15.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were paid a dividend of $0.1706 per share. This represents a $0.68 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Thursday, June 26th.

About First Trust Rising Dividend Achievers ETF

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.