Valmark Advisers Inc. Has $13.12 Million Stock Position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Valmark Advisers Inc. grew its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 253,875 shares of the company’s stock after buying an additional 6,460 shares during the period. Valmark Advisers Inc. owned 0.14% of First Trust Rising Dividend Achievers ETF worth $13,118,000 at the end of the most recent reporting period.

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

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY stock traded down $0.03 during midday trading on Friday, hitting $54.24. 675,886 shares of the company’s stock were exchanged, compared to its average volume of 798,541. The stock’s fifty day moving average price is $54.14 and its 200-day moving average price is $50.76. The company has a market cap of $10.25 billion, a PE ratio of 9.78 and a beta of 0.96. First Trust Rising Dividend Achievers ETF has a one year low of $42.42 and a one year high of $56.28.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.